§ CAPTAIN DONELANI beg to ask the Chief Secretary to the Lord Lieutenant of Ireland whether he is aware that the payment of instalments upon Board of Works loans under present conditions presses upon borrowers; and whether, with a view to lighten the burden, consideration will be given to the desirability of extending the term of repayment and reducing the rate of interest, together with periodical revisions, as adopted under the land purchase system.
§ MR. WYNDHAMThere is nothing in the representations made to the Board by applicants, or in the way in which repayments are made, to suggest that the terms of repayment involve undue pressure. The rates of interest have been fixed by the Treasury as liberally as a due regard to the position of the local funds will admit. The answer to the last portion of the question is, therefore, in the negative.
§ CAPTAIN DONELANCannot the suggested change be made without material cost to the Treasury?
§ MR. WYNDHAMThat is a question for the Treasury.