Location: Flemings Hotel. Private meeting.
The MINISTER FOR FINANCE moved:
"That six branches of the Bank be established for which a sum of £25,000 is hereby voted."
When the Bank was instituted it was found that one institution in Dublin only would not have the same national significance as an institution with branches in various parts of the country. Without this extension of the Bank they could never hope to get established in such a way as to entice customers to avail of the Bank for accommodation for Deposit and Current Account business. The Minister outlined the location of the proposed branches and the preliminary steps that had been taken to secure suitable sites in these places.
The estimated expenditure involved was:—
Purchase and equipment of premises, £15,000.
Cash for Tills, £5,000.
Working expenses, etc., £5,000.
SEAN MAC AN TSAOI (Monaghan South) seconded the motion. He regretted that there was no provision made for a Branch in Ulster. He would suggest the establishment of a Branch Bank in Monaghan or Fermanagh.
The FINANCE MINISTER, replying, stated that there might be a proposal in six months' time for the establishment of a further six Branches, and they would bear in mind the suggestion made.
A. MACCABE (Sligo South) suggested a Branch at Sligo, and W. Sears (Mayo, South) suggested a Branch at Claremorris.
After some further discussion the motion was put and carried.