asked the Minister for Health if he will state what is the present total of the Irish Hospital Trust funds and how this money is invested.
Ceisteanna—Questions. Oral Answers. - Hospital Trust Funds.
The total value of the securities and cash in the Hospitals Trust Fund (as on 31/3/48) was £10,089,026 6s. 8d.
I will, with your permission, a Chinn Chomhairle, circulate in reply to the second part of the question a written statement in regard to these funds, including particulars of investments.
Following is the statement:—
HOSPITALS TRUST BOARD.
ASSETS HELD IN THE HOSPITALS TRUST FUND AS AT 31ST MARCH, 1948.
|
GENERAL PURPOSES FUND (out of which building and other Grants are made):— |
£ |
s. |
d. |
|||
|
Marketable Securities (as detailed on attached Schedule) |
3,505,664 |
18 |
7 |
|||
|
Cash Balances—Current Account |
3,246 |
16 |
8 |
|||
|
Deposit Account |
775,000 |
0 |
0 |
778,246 |
16 |
8 |
|
Refunds of Income Tax due to the fund |
22,000 |
6 |
6 |
|||
|
Premises at Ballsbridge (occupied by Hospitals Trust (1940) Ltd.) |
10,833 |
2 |
11 |
|||
|
Premises at 52 Upper Mount St. (occupied by Hospitals Commission) |
2,206 |
19 |
9 |
|||
|
£4,318,952 |
4 |
5 |
||||
|
SPECIAL PURPOSES FUND (specially earmarked by the Minister, the income of which is used to defray the annual deficits of the Associated Hospitals): |
||||||
|
Marketable Securities and Mortgage Bonds (as detailed on attached Schedule): |
||||||
|
Main Fund |
5,715,820 |
9 |
9 |
|||
|
Redemption Fund |
20,653 |
1 |
9 |
5,736,473 |
11 |
6 |
|
Cash balance on Current account |
4,936 |
3 |
6 |
|||
|
Refunds of Income Tax due to the fund |
28,664 |
7 |
3 |
|||
|
£5,770,074 |
2 |
3 |
||||
|
Total Book Values of the funds: |
||||||
|
General Purposes Fund |
£4,318,952 |
4 |
5 |
|||
|
Special Purposes Fund |
5,770,074 |
2 |
3 |
|||
|
£10,089,026 |
6 |
8 |
||||
|
GENERAL PURPOSES FUND INVESTMENTS. |
BOOK VALUE. |
||
|
£ |
s. |
d. |
|
|
£90,000.—Australia 3½% Stock, 1954/59 |
92,539 |
10 |
0 |
|
£4,000.—Barking Corporation 3½% Stock, 1953/63 |
4,120 |
6 |
0 |
|
£80,000.—Consolidated 4% Stock |
92,249 |
10 |
3 |
|
£20,000.—Córas Iompair Eireann 3% Guaranteed Debenture Stock, 1955/60 |
21,223 |
19 |
0 |
|
£300,000.—Eire 3% Exchequer Bonds, 1965/70 (20% paid) |
60,000 |
0 |
0 |
|
£10,000.—Eire 3¼% National Security Loan, 1956/61 |
10,851 |
18 |
0 |
|
£203,771 10s. od.—Funding 3% Stock, 1959/69 |
221,956 |
10 |
0 |
|
£100,000.—Funding 4% Stock, 1960/90 |
117,470 |
16 |
6 |
|
£130,000.—Funding 2¾% Stock, 1952/57 |
134,928 |
16 |
9 |
|
£260,455 13s. 9d.—Funding 2½% Stock, 1956/61 |
260,619 |
1 |
5 |
|
£40,795.—Guaranteed 4½% Bonds (Northern Ireland Land Act) |
47,394 |
15 |
10 |
|
£33,154 13s. 6d.—I.F.S. 3½% 4th National Loan, 1950/70 |
35,223 |
11 |
10 |
|
£5,000.—Leeds Corporation 3% Stock, 1955/58 |
4,737 |
16 |
0 |
|
£10,000.—Leeds Corporation 3½% Stock, 1957/60 |
10,125 |
17 |
0 |
|
£25,000.—Liverpool Corporation 3% Stock, 1954/64 |
24,672 |
17 |
6 |
|
£110,000.—London Co. Consolidated 3% Stock, 1920 or after |
96,621 |
11 |
0 |
|
£50,000.—London Co. Consolidated 3½% Stock, 1952/62 |
50,250 |
0 |
0 |
|
£40,000.—London Electric Transport Finance Corporation, Ltd. 2½% Guaranteed Debenture Stock, 1950/55 |
37,150 |
0 |
0 |
|
£80,000.—National Defence 3% Loan, 1954/58 |
79,627 |
0 |
0 |
|
£500,000.—2½% National War Bonds, 1949/51 |
514,422 |
17 |
6 |
|
£430,000.—2½% National War Bonds, 1954/56 |
450,273 |
12 |
3 |
|
£25,000.—Newfoundland Guaranteed 3% Stock, 1943/63 |
24,282 |
5 |
0 |
|
£165,000.—New Zealand 3% Stock, 1952/55 |
159,118 |
4 |
0 |
|
£25,000.—Nigeria 3% Stock, 1955 |
24,719 |
15 |
0 |
|
£19,600.—Government of Northern Ireland 3¾% Stock, 1950/54 |
19,306 |
0 |
0 |
|
£1,857.—S.E. 4% Land Bonds |
2,056 |
17 |
8 |
|
£100,000.—2½% Savings Bonds, 1964/67 |
101,977 |
1 |
6 |
|
£349,666 7s. 5d. 3% Savings Bonds, 1960/70 |
359,321 |
16 |
3 |
|
£130,000.—3% Savings Bonds, 1955/65 |
137,536 |
13 |
0 |
|
£50,000.—Southern Rhodesia 3% Stock, 1959/64 |
49,876 |
0 |
0 |
|
£25,000.—Southern Rhodesia 3¼% Stock, 1955/65 |
25,361 |
2 |
6 |
|
£5,000.—Swansea Corporation 3% Stock, 1955/65 |
4,987 |
16 |
0 |
|
£120,000.—Treasury 3% Stock, 1966 or after |
109,984 |
15 |
9 |
|
£95,350.—4% Victory Bonds |
110,550 |
8 |
1 |
|
£10,000.—Wolverhampton Corporation 3¼% Stock, 1954/64 |
10,125 |
17 |
0 |
|
£3,505,664 |
18 |
7 |
|
|
SPECIAL PURPOSES FUND INVESTMENTS. |
BOOK VALUE |
||
|
£ |
s. |
d. |
|
|
£100,000.—Australia 3¼% Stock, 1964/74 |
100,002 |
0 |
0 |
|
£12,000.—Bank of Ireland Stock |
36,431 |
9 |
5 |
|
£10,000.—Blackpool Corporation 3% Stock, 1960 |
9,938 |
0 |
0 |
|
£6,000.—Blackpool Corporation 3½% Stock, 1954 |
6,165 |
15 |
6 |
|
£100,000.—Ceylon 3% Stock, 1959/64 |
99,689 |
10 |
0 |
|
£18,394 os. 7d.—4% Consolidated Stock, 1957 |
20,472 |
12 |
0 |
|
£109,894 11s. 2d.—Cork Corporation 5% Mortgage Bonds |
109,894 |
11 |
2 |
|
£850.—Cork Corporation 4% Stock, 1953/73 |
822 |
9 |
6 |
|
£10,000.—Cork Corporation 4% Stock, 1955/75 |
9,800 |
0 |
0 |
|
£196,100.—Dublin Corporation 3½% Stock, 1955/80 |
184,683 |
10 |
0 |
|
£450,130 15s. 10d.—Dublin Corporation 5% Mortgage Bonds |
450,130 |
15 |
10 |
|
£783,750.—Dublin Corporation 4% Stock, 1960/85 |
761,347 |
0 |
3 |
|
£36,175.—Dublin Port and Docks Board 4% Stock, 1975/95 |
36,629 |
10 |
7 |
|
£100,000.—Eire 4% Exchequer Bonds, 1950/60 |
100,000 |
0 |
0 |
|
£300,000.—Eire 3¾% Financial Agreement Loan, 1953/58 |
300,000 |
0 |
0 |
|
£269,830 10s. 8d.—Eire 3¼% National Security Loan, 1956/61 |
267,880 |
9 |
0 |
|
£275,803 4s. 4d.—Funding 2½% Stock, 1956/61 |
264,933 |
18 |
5 |
|
£25,389 2s. 9d.—Funding 3% Stock, 1959/69 |
24,973 |
6 |
6 |
|
£275,000.—Funding 4% Stock, 1960/90 |
317,678 |
17 |
6 |
|
£108,895.—Guaranteed 4½% Bonds (Northern Ireland Land Act) |
126,940 |
9 |
7 |
|
£23,350 10s. 8d.—5% 2nd National Loan, 1950/60 |
26,324 |
10 |
3 |
|
£25,536 10s. 4d.—I.F.S. 4½% 3rd National Loan, 1950/70 |
27,555 |
2 |
6 |
|
£228,931 1s. 0d.—I.F.S. 3½% 4th National Loan, 1950/70 |
223,466 |
15 |
7 |
|
£47,061 17s. 3d.—I.F.S. 4% Conversion Loan, 1950/70 |
50,335 |
18 |
7 |
|
£55,000.—Irish Sugar Co., Ltd. 4% Guaranteed Debenture Stock, 1954/74 |
54,999 |
11 |
0 |
|
£10,000.—London Co. Consolidated 2½% Stock, 1920 or after |
8,050 |
10 |
0 |
|
£15,000.—London Co. Consolidated 2¾% Stock, 1960/70 |
12,994 |
9 |
0 |
|
£35,000.—London Co. Consolidated 3% Stock, 1956/61 |
33,229 |
12 |
6 |
|
£25,000.—London Co. Consolidated 3½% Stock, 1958/68 |
25,860 |
7 |
6 |
|
£10,000.—Metropolitan Water Board 3% “A” Debenture Stock, 1963/2003 |
9,719 |
10 |
0 |
|
£50,000.—Metropolitan Water Board 3% “E” Stock, 1953/73 |
47,934 |
14 |
5 |
|
£185,000.—Metropolitan Water Board 3% “B” Stock, 1934/2003 |
175,235 |
5 |
7 |
|
£1,000.—Metropolitan Water Board (Kent Waterworks) 3% Debenture Stock |
977 |
11 |
0 |
|
£1,400.—Metropolitan Water Board (Lambeth Waterworks) 3% Debenture Stock |
1,364 |
10 |
0 |
|
£2,390.—Metropolitan Water Board (West Middlesex Waterworks) 3% Debenture Stock |
2,329 |
17 |
6 |
|
£1,000.—Middlesex Co. Council 4% Stock, 1952/72 |
1,160 |
10 |
9 |
|
£20,004 2s. 10d.—National Defence 3% Loan, 1954/58 |
20,321 |
5 |
6 |
|
£5,000.—New South Wales 4% Stock, 1942/62 |
5,237 |
18 |
0 |
|
£10,000.—New Zealand 3½% Stock, 1955/60 |
10,625 |
12 |
0 |
|
£25,000.—New Zealand 3½% Stock, 1960/64 |
25,000 |
0 |
0 |
|
£10,000.—Nigeria 4% Stock, 1963 |
11,103 |
5 |
9 |
|
£10,000.—Nottingham Corporation 3% Stock, 1957 |
9,875 |
10 |
0 |
|
£209,582 5s. 11d.—Redemption 3% Stock, 1986/96 |
222,549 |
1 |
9 |
|
£157,187.—S.E. 4½% Land Bonds (1923 Act) |
177,904 |
8 |
1 |
|
£138,047.—S.E. 4% Land Bonds |
143,491 |
19 |
6 |
|
£306,065 15s. 3d.—2½% Savings Bonds, 1964/67 |
320,063 |
9 |
7 |
|
£196,360 3s. 10d.—3% Savings Bonds, 1955/65 |
198,403 |
4 |
10 |
|
£288,246 10s. 11d.—3% Savings Bonds, 1960/70 |
290,740 |
0 |
10 |
|
£5,000.—Scottish Agricultural Securities Corporation 3½% Debenture Stock, 1963/93 |
5,113 |
14 |
3 |
|
£10,000.—Stockton-on-Tees Corporation 3% Stock, 1960 |
9,963 |
0 |
0 |
|
£32,000.—3% Treasury Stock, 1966 or after |
30,436 |
18 |
0 |
|
£25,000.—Trinidad 3% Stock, 1865/70 |
25,032 |
5 |
0 |
|
£193,600.—4% Victory Bonds |
225,623 |
0 |
0 |
|
£52,038 12s. 8d.—War 3½% Stock, 1952 or after |
54,382 |
15 |
3 |
|
£5,715,820 |
9 |
9 |
|
|
REDEMPTION FUND ACCOUNT |
£ |
s. |
d. |
|
£15,531 8s. 0d.—I.F.S. 3½% 4th National Loan, 1950/70 |
15,122 |
12 |
10 |
|
£240 9s. 10d.—London Co. Consolidated 3% Stock, 1956/61 |
230 |
3 |
1 |
|
£4,264 16s. 0d.—Redemption 3% Stock, 1986/96 |
4,264 |
6 |
5 |
|
£201 10s. 6d.—3% Savings Bonds, 1965/75 |
204 |
4 |
3 |
|
£525.—S.E. 3½% Land Bonds |
561 |
11 |
1 |
|
£225.—S.E. 4½% Land Bonds (1923 Act) |
270 |
4 |
1 |
|
£20,653 |
1 |
9 |
|