Mulcahy, Richard James

Wednesday, 25 March 1942

Dáil Éireann Debate
Vol. 86 No. 2

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Central Bank Bill, 1942—Second Stage.

Tell us what he said about gold ounces.More Button

I thought we might have heard more from the Labour Benches on this matter. But as they are not in a hurry to rise I should like to take the opportunity of saying what I want to say. When the Ministe...More Button

I think that is an extension of what Deputy Cosgrave said.More Button

It certainly is an extension.More Button

You are wrong.More Button

Let us be clear upon this matter. The Minister is now saying that Deputy Cosgrave said unless certain things in the Bill were amended he would recommend people to withdraw their deposits. That is qu...More Button

He said that if that remained in and that the powers were, in certain circumstances, being used under it, he would recommend depositors to take out their money.More Button

I think the Minister will find that he is, when he sees Deputy Cosgrave's speech.More Button

When we come to deal with Section 45 in the Bill, Deputy Cosgrave will have a better chance of understanding the Minister and the Minister will have a better chance of understanding Deputy Cosgrave.More Button

That they paid 5 per cent. and 6 per cent., yes.More Button

Yes.More Button

My point is that if the Government are going to get increased revenue out of the central bank, that increased revenue is going to come from some place and will be out of somebody's pockets in this cou...More Button

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