§ MR. J. P. FARRELL (Cavan, W.)I beg to ask the Secretary to the Treasury whether the capitalisation of the shares of the Cavan and Leitrim Light Railway has yet been effected so as to give the relief intended by the Act passed in 1895?
§ MR. HANBURYThe hon. Member refers no doubt to the Government contribution, not to the shares. I have hoard nothing more from the Company on the subject. Their August Report stated that:
Owing to the high price of the Company's stock it has been found impossible to adopt with advantage to the ratepayers and shareholders the provisions of the Tramways (Ireland) Act, 1895, for redemption of the Treasury contribution to the Counties in aid of Baronial Guarantee.