asked the Minister for Justice if he will state the aggregate total amount of the funds in court classified as dormant balances as at the date of the last accounting period in each of the years 1930 to 1935 inclusive; and if he will state the several purposes for which any part of these dormant balances have been utilised and the amount so utilised in each case.
Ceisteanna—Questions. Oral Answers. - Dormant Balances.
As the answer to this question contains a number of tabular statements I propose, with the Deputy's permission, to have it circulated in the Official Report.
Subjoined are statements showing the funds in the High Court classified as dormant balances for the years 1930 to 1935, and also the amounts of cash and 2½ per cent. Consols appropriated for various purposes under the authority of certain specified Statutes.
It should be understood that there is only one general cash account in the name of the accountant in the Bank of Ireland and that all cash balances both dormant and current are held in this account. According to the books of this office there should have been to credit of this cash account on the 30th September last a total sum of £413,378 17s. 11d., of which the dormant cash balance of £209,109 4s. 5d. forms part. Owing, however, to the various appropriations of cash above referred to and shown in detail on the subjoined statement and a deficiency of £7 3s. 4d. in certain old accounts, the actual cash to credit in the Bank of Ireland was reduced to £88,221 0s. 1d. The securities shown to credit of the dormant accounts are actually held by the accountant.
DORMANT BALANCES.
|
30th Sept., 1930 |
30th Sept., 1931 |
30th Sept., 1932 |
30th Sept., 1933 |
30th Sept., 1934 |
30th Sept., 1935 |
|||||||||||||
|
£ |
s. |
d. |
£ |
s. |
d. |
£ |
s. |
d. |
£ |
s. |
d. |
£ |
s. |
d. |
£ |
s. |
d. |
|
|
Cash |
202,341 |
13 |
11 |
204,200 |
15 |
11 |
206,514 |
17 |
6 |
205,641 |
11 |
9 |
208,552 |
13 |
7 |
209,109 |
4 |
5 |
|
2½% Consols |
198,064 |
8 |
6 |
200,247 |
8 |
2 |
190,903 |
11 |
11 |
188,861 |
12 |
5 |
81,337 |
13 |
1 |
74,553 |
15 |
11 |
|
5% War Loan |
6,707 |
1 |
7 |
6,456 |
7 |
1 |
6,065 |
17 |
11 |
— |
— |
— |
||||||
|
Guaranteed Land Stock |
5,450 |
19 |
9 |
5,450 |
19 |
9 |
5,450 |
19 |
9 |
5,450 |
19 |
9 |
5,450 |
19 |
9 |
4,793 |
3 |
0 |
|
Guaranteed 2½% Stock |
206 |
18 |
2 |
206 |
18 |
2 |
206 |
18 |
2 |
206 |
18 |
2 |
206 |
18 |
2 |
206 |
18 |
2 |
|
Guaranteed 3% Stock |
4,770 |
1 |
0 |
4,770 |
1 |
0 |
4,770 |
1 |
0 |
4,770 |
1 |
0 |
4,770 |
1 |
0 |
4,770 |
1 |
0 |
|
India 3½% Stock |
2,486 |
0 |
1 |
2,486 |
0 |
1 |
2,486 |
0 |
1 |
1,540 |
10 |
0 |
977 |
1 |
10 |
977 |
1 |
10 |
|
India 3% Stock |
488 |
14 |
10 |
488 |
14 |
10 |
488 |
14 |
10 |
488 |
14 |
10 |
488 |
14 |
10 |
488 |
14 |
10 |
|
5% 1st National Loan Stock |
7,392 |
10 |
7 |
7,392 |
10 |
7 |
6,849 |
2 |
6 |
6,849 |
2 |
6 |
6,849 |
2 |
6 |
6,047 |
6 |
10 |
|
Bank of Ireland Stock |
121 |
19 |
6 |
121 |
19 |
6 |
121 |
19 |
6 |
121 |
19 |
6 |
121 |
19 |
6 |
121 |
19 |
6 |
|
G.S. Rlys. Co. 4% Deb. Stock |
241 |
0 |
0 |
241 |
0 |
0 |
241 |
0 |
0 |
205 |
0 |
0 |
205 |
0 |
0 |
205 |
0 |
0 |
|
Grand Canal Co. Ord. Stock |
20 |
0 |
0 |
20 |
0 |
0 |
20 |
0 |
0 |
20 |
0 |
0 |
20 |
0 |
0 |
20 |
0 |
0 |
|
Grand Canal Co. Pref. Stock |
20 |
0 |
0 |
20 |
0 |
0 |
20 |
0 |
0 |
20 |
0 |
0 |
20 |
0 |
0 |
20 |
0 |
0 |
|
3½% 4th National Loan |
— |
— |
— |
— |
78,083 |
8 |
0 |
78,083 |
8 |
0 |
Acts of Parliament authorising payments of Cash for special purposes out of the Suitor's Fund of the Supreme Court.
|
Reference to the Acts |
Purpose of the Acts |
Amount |
||
|
£ |
s. |
d. |
||
|
23 Geo. III, c. 22; 30 Geo. III, c. 41. |
To provide for a deficiency in the accounts of Master Tunnadine. a former Master of the Court of Chancery. |
7,905 |
16 |
11 |
|
30 Geo. III, c. 41; 34 Geo. III, c. 6; 2 Wm. IV, c. 32; 4 & 5 Wm. IV, c. 68; 57 & 58 Vic., c. 4. |
Building Courts, Offices and Law Library. |
69,153 |
16 |
11 |
|
4 & 5 Wm. IV, c. 78, Secs. 19, 20 & 21; 31 & 32 Vic., c. 88. |
Compensation and Fee Fund of the Court of Chancery in Ireland. |
170,000 |
0 |
0 |
|
6 & 7 Vic., c. 55, Secs. 9, 10 & 11; 13 & 14 Vic., c. 51; 31 & 32 Vic., c. 88. |
Compensation and Fee Fund of the Court of Exchequer in Ireland. |
12,091 |
0 |
8 |
|
8 Edwd. VII, c. 61; 1 & 2 Geo. V., c. 19. |
Building houses for Working Classes in Ireland. |
66,000 |
0 |
0 |
|
TOTAL |
£325,150 |
14 |
6 |
Transfers of 2½% Consolidated Stock from Dormant Accounts under the operation of Certain Acts of Parliament.
|
Reference to the Acts |
Purpose of the Acts |
Amount of 2½% Consols Transferred |
|
8 Edwd. VII c. 61. |
Building houses for the Working Classes in Ireland. |
£100,000 |
|
1 & 2 Geo. V, c. 19. |
Same. |
30,000 |
|
TOTAL |
£130,000 |