Government approves a restoration fund for the yacht Asgard which was used to bring weapons to the Irish Volunteers.

An announcement to make the Asgard seaworthy again at a cost of a half a million pounds is to be made at the Tall Ships race. 

Asgard 1 was the yacht owned by Erskine Childers and his wife Molly which on July 26, 1914, ran nine hundred rifles and twenty six thousand rounds of ammunition to the Irish Volunteers, landing them at Howth. 

During the 1960s, the Asgard was used for national sail training but has since lain inside the walls of Kilmainham Gaol where Childers had been executed during the Civil War. 

A restoration committee has been arguing that the Asgard should go to sea again, while opponents believe that it should go into a museum.  The Minister for Defence has now given the go ahead for the yacht to be restored to seagoing capability at a cost of half a million pounds. 

An RTÉ News report broadcast on 23 August 1998. The reporter is Tom MacSweeney.