Dáil Éireann debate -
Wednesday, 22 Feb 1967

Vol. 226 No. 10

Ceisteanna—Questions. Oral Answers. - Capital in State-Sponsored Companies.

7.

Mr. Donegan

asked the Minister for Transport and Power the amount of capital employed in the State-sponsored companies under his control; and the amount of interest paid in 1966 in respect of that capital.

Minister for Transport and Power (Mr. Childers)

As the reply is in the form of a tabular statement, I propose with your permission, a Cheann Comhairle, to have it circulated with the Official Report.

Following is the statement:

State Company or Board	Year ended	Share Capital	Loan Capital	Dividend or interest paid in year
		£	£	£
Aer Rianta Teoranta	31/12/66	51,261	nil	nil
Aer Lingus Teoranta	31/12/66	6,392,994	5,987,000	312,000
Aerlínte Teoranta	31/12/66	7,217,034	1,007,000	37,000
Bord Fáilte Éireann	31/3/66	nil	nil	nil
Bord na Móna	31/3/66	1,917,833	21,065,619	1,165,619
British and Irish Steampacket Co. Ltd.	31/12/65	1,600,000	nil	nil
Córas Iompair Éireann	31/3/66	18,514,460	1,800,000	802,521
Electricity Supply Board	31/3/66	44,813,000	59,709,000	5,338,000
Irish Shipping Ltd.	31/3/66	11,427,479	nil	nil
Óstlanna Iompair Éireann	31/3/66	100,000	973,814	58,363
Shannon Free Airport Development Co. Ltd.	31/12/66	4,319,000	2,401,405	122,017
TOTALS		£96,353,061	£92,943,838	£7,835,520

NOTES:

(i) Share capital refers to share capital both subscribed by the Exchequer and by the public.

(ii) Loan capital refers to capital from all sources, including borrowings from sources other than the Exchequer and the figures of interest include interest on such borrowings.

(iii) No adjustments have been made in the figures for accumulated reserves or losses.

(iv) The British and Irish Steampacket Co. Ltd. was acquired from Coast Lines Ltd. at a cost of £3,606,922. The nominal share capital of the Company is £1,600,000.

(v) Óstlanna Iompair Éireann is a wholly owned subsidiary of Córas Iompair Éireann which provides all its capital and to which interest payments are made.