Dáil Éireann - Volume 40 - 21 October, 1931

Ceisteanna—Questions. Oral Answers. - Finances of Agricultural Credit Corporation.

Mr. Briscoe Mr. Briscoe

Mr. Briscoe asked the Minister for Finance to state how many shares were purchased by the Government in the Agricultural Credit Corporation, and how many of these shares the Government still holds; and further, if the Minister will state whether he anticipates that the Government will be called upon to pay any contribution towards the interest to shareholders, certificate holders or script holders, which interest, together with the principal, is guaranteed by the State.

Mr. Blythe Mr. Blythe

Mr. Blythe: The total number of shares in the Agricultural Credit Corporation, Ltd., originally purchased by the Government was 587,587, and the total number now held is 584,237.

I have received no application from the Corporation for an advance for the payment of interest on either shares or mortage bonds and I am unable to anticipate whether or not such an application will be made.

Mr. Moore Mr. Moore

Mr. Moore: How were the shares that the Government held disposed of? Were they sold through the Stock Exchange?

Mr. Blythe Mr. Blythe

Mr. Blythe: They were sold in the market.

Dáil Éireann 40 Ceisteanna—Questions. Oral Answers. Finances of Agricultural Credit Corporation.

Questions

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