Committee on Finance. - Vote 71—Repayment of Dáil Éireann External Loans.
I move: —
Go ndeontar suim Bhreise ná raghaidh thar £9,000 chun íoctha an Mhuirir a thiocfaidh chun bheith iníoctha i rith na bliana dar críoch an 31adh lá de Mhárta, 1938, chun caiteachais i dtaobh Iasachtaí Coigríche Dháil Éireann d'Aisíoc.
That a Supplementary sum not exceeding £9,000 be granted to defray the Charge which will come in course of payment during the year ending the 31st March, 1938, for expenditure on or in connection with the repayment of the Dáil Éireann External Loans.
This is the final Estimate in this matter, we hope. The files and accounts, and everything else in connection with it, have now been returned to us and, I think, are receiving the attention of the Comptroller and Auditor-General and will be reported to the Dáil in due course. There is just one new sub-head in this, and it is to provide for the repayment of Dáil Éireann Loan Bonds which were issued in the Argentine to the extent, I think, of £700. Some residents in the Argentine applied for repayment, and we propose to repay them on the same terms as were provided for in connection with the Dáil Eireann External Loans.
Comment on this
The Minister tells us that this is the last Estimate that is going to be introduced, he hopes, in connection with the repayment of the Dáil Eireann External Loans. Could he now tell us how much money the Irish Press got out of the transactions in connection with the repayment of these loans?
Comment on this
Indeed, it does. We have been supporting Votes here which are largely for the purpose of shovelling money into the coffers of the Irish Press. This, I think, is the third Vote that has been brought in for the purpose of shovelling money into the coffers of the Irish Press.
Comment on this
The Dáil has already decided that the Dáil Eireann Loans shall be repaid and, therefore, this question of whether or not we should be justified in repaying the money does not arise.
Comment on this
I am not saying that you are not justified in repaying it. You have the law on your side and, therefore, you are quite entitled to shovel the money into the coffers of the Irish Press, since you got the Fianna Fáil majority in this House to give you the money in order to enable you to shovel it into the coffers of the Irish Press. I quite agree that you are within the law in doing so, and I agree that it was by no means the most outrageous thing that the Fianna Fáil Party have done. You shovelled money into the Roscrea factory.
Comment on this
I want to know how much of this money was spent in shovelling money into the coffers of the Irish Press, and I respectfully submit, Sir, that I have a right to know it.
Comment on this
On a point of order, Sir, may I point out that the Dáil Eireann External Loans Act provides for the repayment of this money, and if the Deputy desires to raise a question in connection with that Act, then he can raise it in another way. As to the information for which he asks, I cannot give him that information because I do not know the destination in each case of the moneys concerned, nor would I propose to examine every application that has been made for repayment in order to satisfy myself as to what the ultimate destination of the money may be.
Comment on this
I do not want to know anything about the destination of the money, except in the case of the Irish Press. Certain moneys were got through Mr. de Valera.
Comment on this
That is the scandal of it. Having collared the money — of course, I accept Mr. de Valera's word that he did not retain a penny of it for his personal pocket—he transferred it all over to the Irish Press and it has all gone into their coffers and has been kept there for the last two or three years. How much of the money concerned here was spent in short-circuiting that money into the coffers of the Government kept paper? That journal, of course, blushes quite prettily whenever it is referred to as the kept paper of the Government.
Comment on this
Perhaps, Sir, I might paraphrase the sub-head concerned by saying that it is for expenses in connection with the repayment of the Dáil Eireann External Loans for the purpose of making up the deficit on the Irish Press accounts?
Comment on this
Even though that journal has quartered itself on the public funds with the active connivance of the Government of the day.
Comment on this
There is an item here before the House —"expenses in connection with the repayment of the Dáil Eireann External Loans." We may discuss the item in relation to that.
Comment on this
I accept that ruling, Sir, without reservation. To 99 per cent. of people the "repayment" of this loan must mean, and the actual words used must mean the giving back to somebody something that that person had. That is the obvious meaning. But in the present astonishing connection it means the giving back to somebody something that he never had or had never seen before in his life. We are giving to the Irish Press the moneys which were advanced by Irish emigrants in America. I agree that President de Valera got the assent of those emigrants to that——
Comment on this
Yes, but I suggest he got it under misrepresentation. I believe that these people, when they assigned the bonds, believed and they were led by his Party to believe——
Comment on this
I am merely asking that the House be told how much of this £8,300 was used in paying this money to the Irish Press. I do not question what the President did. I merely recited the history that led up to the payment of this money into the coffers of the Irish Press. How much of this £8,300 has been spent in paying this money to the bankrupt coffers of the Irish Press? The Irish Press could not float without this money.
Comment on this
An expression of that kind should not be addresed to the Chair. The position of the Irish Press does not arise on this.
Comment on this
Yes, as much as they could get their claws on. How many unfortunate subscribers in the United States of America were wheedled into handing over their money in this way?
Comment on this
It does not arise on this. Legislation on this matter was passed by the House. I have allowed the Deputy to proceed so far. The question now is as to whether the amount of money asked for on this Vote reached the people for whom it was intended and who were entitled to it. Nothing else arises.
Comment on this
Two years ago the entire strength of the Opposition, with their big guns, fired all these things at the President here in this House, and he denied the whole story.
Comment on this
No, but Deputy Dillon will get all this into the Press and that is all he wants.
Comment on this
Perhaps the Minister will tell us what portion of this money went to paying these loans to the Irish Press.
Comment on this
I presume this is in connection with the repayment of the Dáil Eireann External Loan. Now a certain amount of this loan has gone to the Irish Press. As a result of that, has any additional expense been incurred by the Department of Finance?
Comment on this
No. And may I put this to the Deputy — I have no knowledge as to where this money went. I have had no personal connection with the repayment of it. It was paid out through the heads of my Department. We are not concerned about the destination of the money. All we are concerned with is if the person who makes a good title has the money repaid to him — whomsoever establishes that title. I do not know whether the money went to the Irish Press, Independent, or Irish Times, or to any other person inside or outside this country.
Comment on this
I am prepared to give the House all the information at my disposal. £520,000 of these loans has been repaid and if the Deputy believes that that £520,000 went into the coffers of the Irish Press, he is welcome to believe it.
Comment on this
I certainly object most emphatically to the manner in which this House has been used by Deputy Dillon to throw slurs at those people who were patriotic enough at a time when this country was in a difficulty to subscribe money to the Dáil Eireann External Loan.
Comment on this
That does not arise either. The patriotism or the financial perspicacity of these people does not arise now.