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being to maintain the consultation rooms in the Four
Courts premises, which were remunerative. Six years
ago, the investments of the society were £100,000. At
the present time, the society owned all its premises,
and thanks to the foresight of Mr. Healy, the invest-
ments of the Society were now worth £180,000.
As regards the King's Hospital, we had at the mom-
entan open-ended commitment, and it was not pos-
sible to give details. However, overdraft accommodat-
ion of £250,000 had been secured from a bank for this
project. The first problem was to rehabilitate the cen-
tral portion of the building in order to convent it into
the office of the Society. No tenders were being sought
yet, but it was intended to install central heating and
a lift into the building. Later on it was intended to re-
habilitate the wing of the building, and turn it into
a suitable law school. There had been no less than 300
candidates for the examinations held last February, so
the problem was becoming urgent. It was proposed
that the South Wi ng should be fitted out as a lecture
hall, conference rooms for Seminars and Library avail-
able to both members and apprentices.
Mr. Gerard Hickey
stated that the Society had been
in credit for years, but we would be gradually moving
into a deficit of £125,000, in order to meet the ex-
penses of conversion of Blackhall Place. It would ap-
pear that there will be a deficit this year of £20,000
which almost represents a levy of £20 per head on
every member. Eventually, it was proposed to borrow
a total of £250,000. The repayments would be over a
7 year term, with a 2 year moratorium; this meant
that from 1977 to 1982 inclusive, a sum of £50,000 per
annum would have to be repaid in each year.
Mr. T.
C.
O'Mahony
asked whether sale of in-
interest payable under the loan.
vestments had been considered, as he thought that
the income from investments would be less than the
The President
stated that the Finance Committee
had given very careful consideration to all aspects of
the matter.
Mr. M. B. O'Maoileoin
stated that he had been
on a tour of the King's Hospital which was a most
gracious Georgian building. He considered that solic-
itors should consider the payment of this building
on a broad basis, and most of them could easily afford
£1.00 a week
v
towards such payment. The building
should be planned under proper supervision, and no
lump contract should be given.
Mr. Michael Houlihan
stated that the Finance
Committte appeared to be understimating the support
which it would reeeive from the members.
The President
emphasised that the Society was in
a happy financial position, and that it was hoped in
the future that part of the Blackhall Place premises
would be available as a club for country members.
At the formal dinner, the President proposed the
Toast of "Our Guests", which was responded to by the
President of the Law Society of Scotland, Mr. Whelans.
REGISTRATION OF
APPRENTICESHIP INDENTURES
Intending Masters are advised that Deeds of In-
denture should be forwarded to the Society for regis-
tration as soon as they are executed. Admission to
places in the Universities is determined according to
the date of registration of the indenures by the Society.
149