Cork City Council Minute Books Index 26 July 1901 - 13 June 1967
obtaining financial accommodation, 531, Approval to obtaining overdraft accommodation, £200, 000, for quarter ending, 31/12/1958, pages 539, 540, reduced rate of interest to be required for short term overdraft of, 573, letter of Munster & Leinster Bank re. reduced rate of interest for short term overdrafts, 585, approval to borrowing £100, 000 on 28/2/1959 and £50, 000 to 31/3/1959, page 591
Index Term
Overdraft
Minute Book Reference
CP/CO/M/21 (26 Feb 1959 - 31 Jul 1962)
Sub-Terms and Page Number Approval to obtaining £300, 000 for quarter ending, 30/6/1959, page 14, £30, 000 borrowed from Munster & Leinster Bank for repair grants, 30, approval given for obtaining overdraft, 70, Bank to be asked to reduce rate of interest charged, page 100, £200, 000 to 31st Dec., 1959, page 119, re. reduction of interest, no change, 120, Capital overdraft of £763, 000 in account at 31/3/1959 / may be possible to secure advance from Local Loans Fund to repay, 148, £150, 000 up to 29/2/1960 & £100, 000 for March, 1960 / borrowing authorised, 169, City Manager to report on growth of Capital Debt and assets created, page 169, £350, 000 for quarter ending 30th June, 1960, page 240, Estimated income & expenditure for quarter ending 30th Sept. 1960, page 291, £200, 000 for quarter ending 30th Sept. 1960, page 291, Amendment by Cllr. Hickey that Bank be required to make overdraft at low interest rate, 291, Amendment withdrawn, 291, Funding of Capital Account, City Manager’s report, circumstances in which overdraft developed, 315, arrangement made with Bank, 316, approval
requested to loans, 316, Cllr. Jago proposed that loans costing to £750, 000 be approved, 316, Cllr. Hickey proposed that loan of £500, 000 be repayed on annuity method / motion withdrawn / Cllr. Jago’s adopted, 316, resolved to obtain £200, 000 for year end, 31/12/1960. Revenue £100, 000 for quarter 31/3/1961, page 363, Revenue Account £300, 000, quarter ending 30/6/1961, approved, 413. Revenue Account £150, 000, quarter ending, 30/9/1961, page 449. Difference in annuity and instalment system of repayment of draft, 473, City Manager to obtain overdraft accommodation not exceeding £150, 000, page 474, Revenue £100, 000 / quarter ending, 31/3/1962, approved, 507. Report of City Manager re. overdraft accommodation was considered, 616, Recommended that An Chomhairle approve obtaining accommodation for quarter ending, 20/9/1962 and not exceeding £150, 000, pae 616. Deputation to approach Munster & Leinster Bank re. charge of 4.5% on overdraft & also possibility of acquiring overdraft at lower rate, 618
Index Term
Overdraft
Minute Book Reference
CP/CO/M/20 (13 Sep 1955 - 10 Feb 1959)
Sub-Terms and Page Number Short term borrowing on Revenue Account at reduced interest
requested, 3, City Manager to report on possibility of securing lower rates of interest on short term borrowing, 34, City Manager to report to Finance Committee re. interest on short term borrowing, 40, letter from Munster & Leinster Bank re. rate of interest / no recommendation, 45, 46,
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