asked the Minister for Finance if he will state in respect of each of the past five years (a) the sum paid in bank interest in respect of loans, advances or other accommodations afforded to the State by the banks, and (b) the sum paid in interest on the outstanding loans floated by the Government.
Ceisteanna—Questions. Oral Answers. - Bank Loans to State.
As the reply is in the form of a tabular statement I propose, with the Deputy's permission, to circulate it with the Official Report. I have assumed that the second part of the question does not embrace interest on Land Bonds or on Savings Certificates.
Following is the statement:—
|
Year |
Interest paid on borrowings by the Government from the banks (i.e., on Exchequer Bills) |
Interest paid on public issues of stock by the Government |
|
£ |
£ |
|
|
1936-37 |
5,993 |
1,052,635 |
|
1937-38 |
17,425 |
1,039,755 |
|
1938-39 |
41,959 |
1,306,562 |
|
1939-40 |
37,816 |
1,382,296 |
|
1940-41 |
Nil |
1,638,595 |