HC Deb 08 March 1906 vol 153 cc606-7

To ask the Chief Secretary to the Lord-Lieutenant of Ireland what is the amount spent in the building of the Fenit pier, county Kerry; what was the amount of the free grant given from the Exchequer; and what is the rate of interest and sinking fund per annum charged on the loan.

(Answered by Mr. McKenna.) A loan of £95,000 was granted in the year 1882 to the Tralee and Fenit Pier and Harbour Commissioners, and, in addition, those Commissioners state that they have spent about £25,000 on capital account out of revenue. No free grant was given. Under the Local Government (Ireland) Act, 1898, a contribution is made from the Local Taxation Account in aid of the cost of the guarantee on the loan. The contribution amounted in 1904–5 to £855 9s. 8d. The rate of interest on the loan is 4 per cent., and the annuity, including interest and sinking fund, is £5 1s. per cent. per annum for forty years.