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Dáil Éireann - Volume 271 - 21 March, 1974 Ceisteanna—Questions. Oral Answers. - Dublin Corporation Capital Works Programme. Mr. Lemass Mr. Lemass 95. Mr. Lemass asked the Minister for Local Government if he is aware that Dublin Corporation has had to arrange overdraft accommodation to the extent of £1 million to facilitate the implementation of its capital works programme without interruption, pending payments due from the Local Loans Fund; and by how much the interest rate will affect the rates. Mr. Tully Mr. Tully Mr. Tully: I am not so aware. Dublin Corporation have applied for an authorisation to borrow up to £750,000 by means of temporary overdraft on their capital account during the six-month period up to 30th September next. This amount is exactly the same as that submitted by the corporation and sanctioned by successive Ministers for Local Government for the corresponding period since 1961. At present, there is no undue delay in making issues from the Local Loans Fund. There is no information in my Department on the final part of the question. I understand, however, that it is anticipated that the cost of any overdraft facilities used will be offset by interest accruing to the corporation on foot of periodic credit balances on their accounts. Mr. Lemass Mr. Lemass Mr. Lemass: Since the question was put down there have been reports that the new drainage schemes will run into a great deal of extra financial cost. Will this involve a charge on the rates? Mr. Tully Mr. Tully Mr. Tully: The reply which I have given to Deputy Lemass is as of today, 21st March. It is up to date. Obviously, Deputy Lemass got wrong information before he put down the question and I do not think that his extra information is any more accurate. Mr. Lemass Mr. Lemass 681 Mr. Lemass: If we see newspaper reports which concern us, is it not [681] proper for us to raise the matter in the House? Mr. Tully Mr. Tully Mr. Tully: By way of question, yes. An Leas-Cheann Comhairle Denis Francis Jones An Leas-Cheann Comhairle: This is Question Time. Dáil Éireann 271 Ceisteanna—Questions. Oral Answers. Dublin Corporation Capital Works Programme. Questions 19740321
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