§ MR. SEXTONasked the Financial Secretary to the Treasury, What decision has been come to by the Treasury with respect to 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. HIBBERTI have already explained to the hon. Member that interest on the existing loans to the Sligo Harbour Commissioners is fixed at the lowest rate legally possible, and therefore cannot be reduced. The decision as to postponing repayments of principal and prolonging the period for them must depend on the willingness of the Harbour Commissioners to improve the security they have to offer by their taking steps to effect a proper re-adjustment of their tolls. The Board of Works were authorized on the 9th instant to communicate with the Harbour Commissioners in this sense.