HC Deb 22 May 1905 vol 146 c982

I beg to ask the Secretary to the Treasury if he will state the amount advanced, by way of loan, by the Board of Works to the Galway Harbour Commission; the year in which such loan was made; the amount of interest to date collected on such loan; the rate of interest charged; the amount of loan still due.


(1) Loan of £24,000, sanctioned June 1st, 1832, interest 4 per cent. This loan was commuted under 30 and 31 Vic., cap. 56, the sum of £9,322 14s. 10d. principal, and £1,949 13s. 7d. interest being remitted, making a total remission of £11,272 8s. 5d. The commuted debt £10,000 was made repayable in fifty years at 3¼ per cent. The interest paid on the commuted loan to March 31st, 1905, amounts to £9,461 8s. 7d., and the principal now outstanding is £4,291 8s. 7d. (2) Loan of £28,100 sanctioned August 20th, 1880, rate of interest 4 percent., period twenty-five years. Interest paid to March 3lst, 1905, £14,537 12s. 4d., principal outstanding £12,173 19s. 9d. (3) Loan of £8,200 sanctioned March 13th, 1883, rate of interest 4 per cent., period twenty-five years. Interest paid £4,261 18s. 3d., principal outstanding £4,114 4s. 2d.