CENTRAL Bank regulations for credit unions on solvency and loan limits are expected to be challenged in the High Court. Maynooth Credit Union, along with the Irish League of Credit Unions (ILCU), is seeking to quash rules issued by the Central Bank and Credit Union Registrar which they claim severely restrict their ability to operate.
The President of the High Court, Mr Justice Nicholas Kearns, last night adjourned the application to next Tuesday, when it is likely a date will be fixed to hear the case.
FRESH NORTH FEARS
Fears of new loyalist violence heightened after an Orange Order parade was banned from going near a north-Belfast flashpoint last night. Members of three lodges are planning to march in the same area where violence erupted a week ago, leading to five consecutive nights of rioting.
It is the second time the Parades Commission adjudication body has blocked Orangemen from parading on a contested stretch of road separating loyalist and nationalist communities.
DINGHY SAILING FAIL
A 40-year-old American has been rescued after attempting to sail from Dorset to Ireland in a 6ft inflatable dinghy, coastguards said. The man had two paddles with him – but one was being used as a mast with a plastic sheet as a sail, and the other was acting as the rudder.
On board the blow-up dinghy the man had a limited amount of food and drink for the journey. The man, who was wearing a lifejacket and wetsuit, told the crew he did not require any help and did not wish to be taken ashore. The man later agreed to get on board and be taken to Lulworth Cove.
GROWING FEAR OF SLUMS
SLUMS could develop in Irish towns and cities if there are no proper inspections of substandard houses occupied by welfare claimants, a Dail committee has been told.
Labour TD Robert Dowds said he is very concerned that there isn't "sufficient inspection of housing where state money is going into".
An article in the Irish Independent (Tuesday, July 16) headlined 'They're off – Coolmore sends first horses to China', described Mr Michael O'Hagan as CEO of Irish Thoroughbred Marketing. In fact, Ms Elaine Hatton is the current General Manager and Acting CEO of Irish Thoroughbred Marketing. We are happy to clarify this matter.