§ MR. SEXTONasked the Financial Secretary to the Treasury, If the Treasury will grant the prayer of the Memorial of January last from the Sligo Harbour Commissioners, for extension of time for repayment of loan, postponement of instalments of principal, and lowering of rate of interest?
§ MR. HIBBERTA full Report of this case has recently been received for consideration. I have already told the hon. Member that the interest on existing loans is based on the lowest rate legally possible, and therefore cannot be reduced. The decision as to prolonging the period of repayment of the present loans must depend on the willingness of the Harbour Commissioners to improve the securities which they have offered by a re-adjustment of the tolls.