Cork City Council Minutes Partial Index 1901-1967

Cork City Council Minute Books Index 26 July 1901 - 13 June 1967

Index Term

Overdraft

Minute Book Reference

CP/CO/M/20 (13 Sep 1955 - 10 Feb 1959)

Sub-Terms and Page Number Approval requested to £75, 000 to 31/1/1956 & 20, 000 to 29/2/1956 / report referred to Finance Committee, 40, £75, 000 approved to 31/1/1956 & £20, 000 approved to 29/2/1956, page 46, borrowing of £3, 355 from Treasurer for 5 years to purchase Skid Shovel approved, 54, Council to be informed of current rate charged on overdrafts, 61, City Accountant’s report noted, page 69, £50, 000 on Revenue Account to 31/3/1956, page 81, £220, 000 on Revenue Account to 30/6/1956, page 81, approval of £1, 500, 000 on Capital Account to 31/3/1957 for housing & for School, Library, Clinic & Hall at Gurranabraher, page 83, 10 year loan to be raised to refund Superannuation, 83, extension of Capital overdraft accommodation / Minister’s early approval requested, 98, letter from Munster & Leinster Bank re. Corporation’s application for overdraft, 102, Deputation to Minister to discuss securing Capital requirements, 102, meeting to be held to hear report of deputation, 102, deputation’s report, 103, Minister to look into matter on receipt of details re. finances, 103, £100, 000 approved on Revenue Account to 30/9/1956, page 117, contract for houses at Wolfe Tone St. not placed pending clarification of financial position, 118, Minister has reached decision re. Capital requirements, 120, decision re. continuance of work on Connolly Road Extension Scheme deferred / letter read from I.T. & G.W.U., 120, Capital requirements position discussed generally, 122,

City Manager to investigate possibilities of procuring overdraft elsewhere than with Munster & Leinster Bank, 121, City Manager authorised to borrow £150, 000 from Local Loans Fund, 126, Minister has sanctioned 10 year loan of £23, 000 to refund Superannuation contributions, 131, letter from Dept. / Minister to provide sum from Local Loans Fund to discharge Corporation expenditure up to £750, 000, page 132, Minister to state extent to which he could assist Corporation to continue Housing programme after 31/3/1957, page 132 / Schedule of Capital Expenditure for current year to be circulated, 132, Minister requests estimate of Capital requirements for for 1956/57 and 1957/58, page 136, letter from Minister / to provide money to enable Corporation to discharge Corporation expenditure of £750, 000, in 1957/58, page 136, Minister sanctions borrowing of £300, 000 from Local Loans Fund, 145 / City Manager’s report / borrowing approved for Aug., Sept. & Oct., page 146, City Manager’s report re. capital requirements for period ending, 31/3/1957 / referred to Housing Committee / City Manager to submit suggestions for reducing housing expenditure during period ending 31/3/1957, page 147, City Manager’s report re. Capital requirements considered, 148, letter from Minister re. provision of sum from public funds for 1957/58 / estimate of requirements for 1956/57 & 1957/58 to be submitted / consideration adjourned until estimates are circulated, 148, 10 year loan to be obtained for resurfacing Pope’s Quay & Cathedral Road, 150, £200, 000 approved on Revenue account to 31/12/1956, pages 155, 156, £300, 000 approved from Local Loans Fund to 31/3/1957, page 187, letter from Dept. / directions issued by Minister which are applicable to borrowings for which Minister’s sanction is required, 197, £100, 000 approved on Revenue Account to 31/3/1957, pages 198, 199, letter from Dept. re. financing of Capital Programme for 1956/57 / issue of loan of £145, 000 recommended / additional advance required to finance housing work to 31/3/1957, City Manager to communicate with Minister, 204, 205, borrowing of £145, 000 from Local Loans Fund to 31/3/1957 approved, 211, Minister to make further allocation of £75, 000 from Local Loans Fund towards Capital Expenditure, 1956/57, page 214, An Chomhairle to approve of Corporation obtaining overdraft accommodation of £300, 000 in Revenue Account for quarter ending, 30th June, 1957, page 235, Letter from Munster & Leinster Bank agreeing to Corporation’s overdrawing power on Revenue Account, £200, 000, provided it will start reducing after June, 1957 and show overall credit balance by Sept., page 277, Minister for Local Government authorised Corporation borrowing by way of temporary overdraft of £300, 000, etc., 279, permission granted to Corporation’s obtaining £200, 000 on Revenue Account for quarter ending, 30 Sept. 1957, page 294, Approval granted to obtaining by Corporation of overdraft accommodation on Revenue Account of £200, 000 for quarter ending 31/12/1957 and £75, 000 for quarter ending, 31/3/1958, page 339, Approval to obtaining temporary Overdraft not exceeding £100, 000 for quarter ending, 31/3/1958, page 409, approval to obtain overdraft accommodation of £300, 000 for quarter ending, 30/6/958, page 435, report of City Manager on overdraft accommodation, 491, approval of £200, 000 of quarter ending 30/9/1958, City Manager to enquire re. overdraft power for City Savings Bank, 491, City Manager asked to try to secure overdraft accommodation at City Savings Bank, 523, deputation to meet representatives of City Savings Bank re.

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