§ 23. Mr. STANIERasked what loans have been granted in Ireland for the erection of abattoirs; what percentage is charged, and if there is any sinking fund payment; and, if so, what is it, and out of what fund was the money taken for the loan?
§ Mr. RUSSELLNo loans for the erection of abattoirs have as yet been issued, but the Department have informed promoters of such undertakings that they will be prepared in special cases to consider, on their merits, applications for loans of part of the capital required. The exact terms on which a loan would be made have not yet been laid down in any case. The rate of interest charged would be 3 per cent. The money required for the purpose would be taken from the Department's Endowment Fund.