"II. In _special cases_, where the Inspectors of Irish Fisheries shall deem it expedient that a new fishing vessel should be supplied to a borrower instead of money, they may, with the consent of the Lord Lieutenant, recommend loans on the security of the borrowers, and on the security of the fishing vessel to be supplied. In such cases the borrowers must give to the Commissioners of Public Works a joint and several bond or promissory note as the case may be, for the amount of the loan, and also execute a deed providing that the vessel shall be registered in the name of the Commissioners of Public Works, and so continue registered until the loan with interest, and any expense incurred, shall be repaid, and also providing that in default of payment of any of the instalments, by which such loan shall be made repayable, or in default of the borrowers preserving the same in proper order and condition, or in case the said vessel should become in the opinion of the said Commissioners a deficient security for the amount of the loan for the time being unpaid, the said Commissioners may cause such boat or vessel to be sold. "III. Time for repaying any loan not exceeding ten years. "IV. Repayment by half yearly instalments with interest at the rate of 2.5 per cent. per annum. [Sidenote: THE ARAN FISHERIES.] "NOTE.--It must be observed that loans under rule No. 2. can only be recommended _under very_ _exceptional circumstances, and to a very limited extent_, as the funds available for loans for new vessels are quite insufficient to meet large demands. It will, therefore, be impossible for the inspectors to do more in carrying out this rule than to recommend loans on the security of vessels in a few cases only, where very exceptional circumstances exist, and only in cases of new first-class fishing vessels being provided for with thoroughly experienced fishermen of good character. "No loans for the purchase of gear will be made without personal security, as laid down by the rules already in force, see No. 1. "By order, "GEORGE COFFEY, "Secretary. "Fisheries Office, Dublin Castle, February, 1886." [Sidenote: IRISH FISHERIES--IRISH PARLIAMENT.]