§ MR. SEXTON (Belfast, W.)
asked the Secretary to the Treasury, what action has been taken upon the undertaking given in the House by the Secretary to the Treasury, on the 14th of November, 1884—namely, that steps would be taken for the recovery of any instalments of principal and interest overdue on the 1st of January, 1885, in respect of the loan of £100,000 granted by the Irish Board of Works to certain persons acting on behalf of the Sligo, Leitrim, and Northern Counties Railway Company; how much of the principal of the loan, and how much interest, has fallen into arrear since the 11th of November, 1884; how much of principal, and of interest respectively, is overdue, by each of the persons concerned, at the present time; and, who are the sureties?
§ THE SECRETARY (MR. JACKSON) (Leeds, N.)
Steps are being taken for the recovery of the instalments of principal and interest overdue on January 1, 1885. Since November, 1884, the principal had fallen into arrear to the extent of £9,000; the interest charge- 294 able against the line to the extent of £4,987 10s.; the interest chargeable against sureties to the extent of £1,992 10s. No portion of the principal overdue is chargeable to the sureties; but they are jointly and severally liable for interest overdue to the extent of £1,992 10s. I see no public advantage in giving the names of the guarantors.