HC Deb 10 March 1890 vol 342 cc330-1
Dr. TANNER (Cork, Co., Mid)

I beg to ask the Secretary to the Treasury if it is the fact that, although "The Tramways (Ireland) Act, 1883," laid down that the baronies had to pay to make up the dividend of 5 per cent., and the Treasury should pay in equal proportions, not exceeding 2 per cent, on the whole capital, the Treasury, instead of paying an equal proportion, had only paid a proportion of two-fifths in the case of the Cork and Coachford Light Railway; whether he is aware that this tramway is one of the best paying in all Ireland; and whether it is the intention of the Treasury to complete the payment due?

* THE SECRETARY TO THE TREASURY (Mr. JACKSON,) Leeds, N.

The guaranteed dividend of the baronies of the Cork and Coachford Railway Company being at the rate of 5 per cent, per annum, I am advised that the Government contribution, which by the 9th section of the Tramways and Public Companies' Act, 1883, is limited to 2 per cent., can only be two-fifths of the contribution.

DR. TANNER

Is the hon. Gentleman aware that Sir George Colthurst and some other landlords of Cork complained of the course which the Government were taking?

* MR. JACKSON

An inquiry has taken place, and the Treasury are acting upon legal opinion in deciding that where the guarantee of the baronies is 5 per cent., it is not necessary that the Treasury contribution should be more than two-fifths.

DR. TANNER

Is there nothing due from the Treasury?

* MR. JACKSON

I believe not; but I understand from the hon. Gentleman's question that two-fifths have been paid by the Treasury.