Financial Notes
IRISH FINANCE AND TRADE.
Although the Summer is still some way ahead, recent telegrams from Dublin state that the Irish Free State Govern- ment is contemplating a loan of £.5,000,000 during the summer months, and I note that the Dublin Correspondent of the Times says that the Ministry of Finance will try to raise the whole amount in the Free State. The issue, if it takes place, will be part of the second National Loan authorized by Dail Eireann in 1927, the original sum for which authority was obtained having been £15,000,000. It will be recalled that already a little more than £7,000,000 was raised some time back, some proportion being obtained in New York. Evidently recent developments at that centre have not made the market a favourable one for borrowing in, but having regard to the total required there ought to be no insuperable difficulty in raising the loan internally. So far as trade activities between Ireland and this country are concerned, the figures during the last few years are by no means
discouraging. * * * *
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