asked the Minister for Finance if he will state, in respect of all Government loans issued since 1923 (i) the amount of the issue; (ii) the issue price, rate of interest and redemption dates, and (iii) the amount outstanding on March 31st, 1950.
Ceisteanna—Questions. Oral Answers. - Government Loans.
As the reply is in the form of a tabular statement, I propose, with the permission of the Ceann Comhairle, to have it included in the Official Report.
Following is the reply:—
PARTICULARS IN RESPECT OF GOVERNMENT LOAN ISSUES SINCE 1923.
|
Loan |
Date of Issue |
Amount of Issue |
Issue Price |
Rate of Interest |
Earliest and Latest Redemption Dates |
Amount Outstanding at 31st March, 1950 |
Remarks |
|
|
£ |
% |
£ |
||||||
|
5% National Loan, 1935/45. |
December, 1923. |
10,000,000 |
95 |
5 |
1 December, 1935.1 December, 1945. |
Nil |
£6,812,356 converted into 4% Conversion Loan, 1950/70 in November, 1935. |
|
|
5% Second National Loan, 1950/60. |
December, 1927. |
4,006,925Internal3,082,250*External |
97 |
5 |
1 November, 1950.1 November, 1960. |
4,728,751Internal105,105External(Equivalent of $511,500). |
*Equivalent of $15,000,000 at $4.86? to the £. |
|
|
4½% Third National Loan, 1950/70 |
May, 1930 |
6,000,000 |
93½ |
4½ |
1 April, 1950. |
4,909,624 |
||
|
1 October, 1970. |
||||||||
|
3½% Fourth National Loan, 1950/70. |
December, 1933. |
6,000,000 |
98 |
3½ |
1 February, 1950.1 August, 1970. |
5,192,426 |
||
|
4% Conversion Loan, 1950/70. |
November, 1935. |
7,000,000† |
100 |
4 |
1 December, 1950. |
6,021,331 |
†Cash |
£187,644. |
|
1 December, 1970. |
Conversions of 5% National Loan, 1935/45 |
6,812,356 |
||||||
|
3¾% Financial Agreement Loan, 1953/58. |
May, 1938 |
10,000,000 |
100 |
3¾ |
15 September, 1953.15 September, 1958. |
9,177,550 |
£7,000,000 |
|
|
4% Exchequer Bonds, 1950/60. |
December 1939. |
7,000,000 |
100 |
4 |
1 January, 1950. |
6,245,795 |
||
|
1 January, 1960. |
||||||||
|
3¼% National Security Loan, 1956/61. |
November, 1941. |
8,000,000 |
99 |
3¼ |
1 December, 1956.1 December, 1961. |
7,370,574 |
||
|
3% Exchequer Bonds, 1965/70 (1st Issue). |
March, 1948. |
12,032,960‡ |
100 |
3 |
1 October, 1965.1 October, 1970. |
23,829,353 |
‡Includes £32,960 conversions from 4% Exchequer Bonds, 1950/60. |
|
|
Do. (2nd Issue) |
March, 1949. |
12,058,493§ |
100 |
3 |
do. |
§Includes £58,493 conversions from 4% Exchequer Bonds, 1950/60. |