§ MR. E. P. O'KELLY (Wicklow, E.)I beg to ask the Secretary to the Treasury if he would state to the House how much money has been lent by the Irish Board of Works to the Harbour Commissioners of Wicklow; what rate of interest has been charged upon the loan or loans; how much interest has already been paid; how much interest is still due; and what is the amount of principal that remains unpaid?
§ SIR JOHN HIBBERTAs the hon. Member only put down his question on to-day's Notices, I have not had time to obtain from Ireland a statement of the figures up to date; but I may tell him that the Harbour Board has received two loans. The first loan, of £6,000, was advanced in 1870 by the Public Works Loan Board, accumulated at five per cent. to £8,996, and was then taken over by the Board of Works under the Public Works Loans Act, 1881, being made repayable in 28 years by annuity at four per cent, interest. Nothing has, however, been received in respect of this loan, and its charge was postponed to the charge of a new loan of £40,000 1721 advanced in 1881 and 1885 and repayable by annuity in 50 years at 4¼ per cent, interest. This annuity is guaranteed by the five local baronies, and is punctually paid by them.