HC Deb 03 December 1902 vol 115 c1051

To ask the President of the Board of Trade whether, seeing that the guarantee of the Donegal Grand Jury for portion of the capital required for the construction of the new railway from Buncrana to Carndonagh only ran from the opening of the line for traffic, and that the appointment of arbitrators, as required by Section 6 of The Tramways (Ireland) Act, 1883, was not made by the Board of Trade during the continuance of said guarantee, will he say if, before the appointment of said arbitrators, any assurance was received from the railway company that the terms of the presentment of the Grand Jury had been carried out, and that the guarantee had begun to run.

(Answered by Mr. Gerald Balfour.) Under the provisions of Section 11 of the Order authorising the railway, the guarantee is applicable to so much of the capital, not exceeding £5,000, as is for the time being paid up. As I have already stated in reply to a Question on this subject on Friday last, the Board of Trade, before appointing arbitrators, received an assurance that the capital authorised had been raised, and in these circumstances no further assurance seems, so far as the appointment of arbitrators is concerned, to have been necessary.