HC Deb 25 February 1884 vol 284 c1861
MR. GIBSON

asked the Financial Secretary to the Treasury, "Whether it is true that the Treasury decided, by Minute, last year, that they would charge interest at four per cent. and not five per cent. on money advanced to Railways in Ireland; and that he, in reply to a Question last Session, said that loans to Steam Tramways would be charged a similar rate of interest; whether the Board of Works in Ireland did then charge the Portrush and Giants Causeway Tramway and Railway Company interest at the rate of four per cent.; whether the Board of Works in Ireland have recently asked that Company to recoup them for the difference between four per cent. and five per cent. for the period during which the lower rate was charged; and, what is the meaning of this demand?

MR. COURTNEY

The rate of interest with respect to tramway loans is the same as with regard to railway loans—namely, 4 per cent. The application referred to in the Question of the right hon. and learned Gentleman was made in error, and has since been corrected.