asked the Minister for Justice if he will state for the last available date the amount transferred to the dormant funds account by the Accountant of the Courts of Justice and whether the fund can, after any specified period of years, be used by the Government for national development or other purposes.
Ceisteanna—Questions. Oral Answers. - Dormant Court Funds.
With regard to the first part of the question, the particulars required by the Deputy are in the form of a tabular statement which, with the permission of the Ceann Comhairle, I propose to circulate with the Official Report.
Under the law as it stands, funds in court cannot be utilised in the way the Deputy suggests without ad hoc legislation.
HIGH COURT OF JUSTICE.
DORMANT BALANCES AS ON THE 30TH JUNE, 1950.
|
£ |
s. |
d. |
|
|
Cash |
256,813 |
3 |
7 |
|
4% Exchequer Bonds |
152,933 |
12 |
10 |
|
3½% Fourth National Loan |
82,980 |
13 |
11 |
|
4% Conversion Loan |
70,904 |
1 |
5 |
|
3½% War Loan |
52,249 |
2 |
6 |
|
2½% Consols |
61 |
12 |
2 |
(NOTE: There is only one general cash account in the name of the Accountant of the Courts of Justice in the Bank of Ireland, and all cash balances both current and dormant are held in this account. Cash amounting in all to £325,150 14s. 6d. was withdrawn from this account and appropriated for various uses under the authority of certain pre-1922 Statutes. The actual cash to credit in the account on the 30th June, 1950, was £183,379 7s. 3d.
The securities shown in the tabular statement are held by the Accountant).