Haughey And The Bank

"These temporary excesses have arisen from a combination of circumstances outside my control and it is my intention that they…

"These temporary excesses have arisen from a combination of circumstances outside my control and it is my intention that they be eliminated by 30th September at the very latest."

Mr Haughey, in a letter to AIB, July 1974.

"His living expenses are huge and totally unrelated to his Dail salary and to income from farming and bloodstock breeding."

Memorandum of meeting between AIB officials and Mr Haughey, August 1974.

READ MORE

"I have no income."

Mr Haughey's response to questions about sources of funds during the same meeting, August 1974.

"The board, while grievously disappointed at the irregular fashion in which the accounts have been operated . . . agreed to let matters run on at their pleasure" Memorandum of internal bank discussions in relation to the Haughey account, August 1974.

"Mr Haughey is quite irresponsible in money matters. He cannot be controlled on a running account. His affairs can only deteriorate further." Mr J.J. McAuliffe, AIB regional general manager, January 1975.

"He says he is about to commence building a summer residence on Inishvickillane but was extremely vague about source of finance".

Memorandum on meeting with Mr Haughey, January 1975.

"He [Mr Haughey] unequivocally accepted that he was at crisis point".

Memorandum of meeting with bank officials, February 1975.

"Mr Haughey said that he would be loath to approach ACC in view of the fact that Mr Collins had affiliations with the Fine Gael party".

Memorandum of meeting with Mr Haughey, September 1975.

"Despite the unattractiveness of the proposition, Mr Phelan [Mr Haughey's bank branch manager] recommends sanction, bearing in mind the likelihood of Mr Haughey being a man of influence in the future"

Memorandum on the Haughey account, September 1975

"He [Mr Haughey] mentioned that the bank did not make use of his influential position and he indicated that he would be more than willing to assist the bank in directing new business, etc."

Memorandum of meeting with bank officials, September 1976.

"I shall require accommodation of up to £350,000 from your good self for a further two years."

Mr Haughey, writing to Mr Michael Phelan, manager of AIB's Dame Street Branch, December 1976.

"Total accommodation to the extent of £350,000 has been sanctioned for you".

Letter from AIB to Mr Haughey, January 1977.

"We are wondering has he given any indication that he would hand in his cheque books?"

Internal AIB document relating to Mr Haughey, April 1977

"It was made clear to him that if he failed to honour his undertaking we would be forced to dishonour his cheques"

Memorandum of an interview with Mr Haughey, April 1977.

"It is totally unacceptable and a matter of concern to the bank that indebtedess to the extent quoted now outstands." Mr G.A. O'Donnell, AIB's advances manager, after Mr Haughey's debt had risen to £445,282, June 1978

"It is my considered opinion that this client does not believe the bank will force a confrontation with him because of his position"

Mr Phelan, manager of AIB branch, July 1979.

"The point has now been reached where the account appears to be out of control".

AIB report on Mr Haughey's account, August 1979.

"Bank appreciated his unwillingness to dispose of Abbeville because of likely publicity".

Memorandum of meeting with Mr Haughey, September 1979.

"[Mr Traynor] agreed fully that there was only one way to deal with the matter and that was to clear the debt totally"

Memorandum of meeting with bank officials, October 1979.

"It gives me great pleasure to convey to you my warmest congratulations on your election to the high offices of leader of Fianna Fail and Taoiseach and to offer you my sincere good wishes for success in both. To say the task you have taken on is daunting is an understatement but I have every faith in your ability to succeed in restoring confidence in this great little nation."

Mr Phelan, writing to Mr Haughey, December 1979.

"[The bank] had reached the end of its patience".

Memo of AIB officials' meeting with Mr Des Traynor, December 1979

Mr Haughey's debts to AIB were discharged in line with proposals set out by the bank's deputy chief executive in a letter to Mr Haughey dated January 24th, 1980. Under the proposals, Mr Haughey was to bring his debit balance down from £860,000.17 to £110,000 by mid-February 1980, and to pay off the £110,000 within a reasonable period of time. The letter acknowledges receipt of a lodgement of £600,000, and subsequent letters detail payments of £100,000 and £50,000 respectively to AIB.

It was not disclosed at the tribunal proceedings yesterday whether Mr Haughey paid off the final £110,000.