asked the Minister for Finance if he will state for the present financial year (a) rate of charge on currency by Central Bank; (b) estimated gross yield from same; and (c) estimated net revenue to the Exchequer.
Ceisteanna—Questions. Oral Answers. - Central Bank Revenue.
The rate of charge referred to by the Deputy presumably means the payments prescribed by Section 37 of the Central Bank Act, 1942, in respect of consolidated bank notes and by Section 39 in respect of notes of former banks of issue. In each case such payment is at present at the rate of two-and-a-half per cent. per annum. The yield of these payments for the current financial year is expected to be approximately £125,000. The estimated contribution during the current financial year by the Central Bank to the Exchequer is £300,000 in respect of surplus income which takes account of other items besides the payments in question.