asked the Minister for Finance if he will state the amount withheld each year from the Roscommon County Council since 1922, out of the Estate Duty Grants and Agricultural Grants, for the purposes of meeting deficits in land purchase annuities, showing the present position as nearly as possible.
Written Answers. - Estate Duty and Agricultural Grants—Roscommon.
In the case of Roscommon County Council, a sum of £14,430 3s. 2d. was, at February, 1925, absorbed in the Guarantee Fund in respect of charges against the fund for arrears of land purchase annuities covering the years from 1922 to February, 1925. This amount was met by the county share in the Estate Duty Grant for the years 1922 to 1925, as to a sum of £12,707 3s. 1d. and as to the balance, namely, £1,723 0s. 1d., out of the county share in the Agricultural Grant. A further sum of £5,277 18s. 7d. was absorbed in the Guarantee Fund in respect of further similar charges against the fund between February, 1925, and February, 1926. This amount was met by the county share in the Estate Duty Grant for the year ended 31st March, 1926, as to a sum of £1,889 2s. 10d. and as to a sum of £3,388 15s. 9d. out of the county share in the Agricultural Grant.
The shares of the county in the balance of the Estate Duty Grant for the years ended March, 1925, and March, 1926, amounted to £852 8s. 1d. and £498 10s. 6d. These amounts were issued to the county council as Agricultural Grant; the amount of that grant absorbed in the Guarantee Fund being correspondingly reduced and the amount of the Estate Duty Grant being correspondingly increased.
At February, 1927, repayment by the county of arrears of annuities amounting to £3,714 3s. 3d., together with the share of the county in the advance out of the Estate Duty Grant for the year ended 31st March, 1927 (£1,750 2s. 11d.), amounted to £5,464 6s. 2d., and this amount was applied to the repayment in full of the Agricultural Grant previously absorbed in the Guarantee Fund. In addition, a net repayment of £1,703 8s. 11d. was made in respect of Estate Duty Grant.
At February, 1930, the position was, therefore, as follows:—
|
Amount absorbed in the Guarantee Fund, in respect of Agricultural Grant |
Nil. |
||
|
In respect of Estate Duty Grant |
£15,993 |
18 |
6 |
Between February 1927 and February 1928 there was absorbed in the Guarantee Fund a further sum of £6,745 18s. 8d. in respect of arrears of annuities under the several Land Purchase Acts, and insufficiency of income under the Land Act, 1923. This amount was met as to a sum of £1,885 11s. 0d. out of Estate Duty Grant and as to a sum of £4,860 7s. 8d. out of the Agricultural Grant.
Between February 1928 and February 1929 a further sum of £432 5s. 3d. was absorbed in the Guarantee Fund. The share of the county in the advance of the Estate Duty Grant for the year ended 31st March, 1929, amounted to £2,054 18s. 5d., and the difference between this sum and the net draw of £432 5s. 3d., namely, £1,622 13s. 2d., was issued to the county council as Agricultural Grant in reduction of the amount already absorbed in the Guarantee Fund.
The shares of the county in the balance of the Estate Duty Grant for the years ended 31st March, 1928 and 1929, amounted to £688 5s. 9d., and this sum was issued to the county council as Agricultural Grant.
Between February 1929 and February 1930 there was a net repayment of £318 16s. 3d., and this sum, in addition to the share of the county in the advance out of the Estate Duty Grant for the year ended 31st March, 1930 (£1,854 11s. 1d.) was issued to the county council as Agricultural Grant in further reduction of the amount of that grant absorbed in the Guarantee Fund.
At February, 1920, the position was, therefore, as follows:—
|
£ |
s. |
d. |
|
|
Amount absorbed in the Guarantee Fund as Estate Duty Grant |
22,477 |
4 |
9 |
|
As Agricultural Grant |
376 |
1 |
5 |