The Gazette 1975

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.

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