asked the Taoiseach if he will state the estimate of the Central Statistics Office as to the influx of (a) British currency; (b) bank cheques and transfers from Britain; (c) property investments by British citizens, firms or corporations and (d) business investments by British citizens, firms or corporations in Ireland in each year from 1944 to 1951 inclusive.
Ceisteanna—Questions. Oral Answers. - British Investments in Ireland.
The answers to the Deputy's queries are as follows:—
(a) The total value of withdrawals of Bank of England notes for repatriation through the Central Bank and the associated banks in the years in question is shown in a tabular statement which I propose, with the permission of the Ceann Comhairle, to circulate with the Official Report.
(b) Figures are not available for bank cheques and transfers from Britain. Such receipts relate to transactions in respect of merchandise trade, tourism, purchases of property, investments, etc., on both the capital and current account of the Balance of International Payments and are reflected in the totals of the various items.
(c), (d) It is not possible to give firm estimates for these headings but account is taken of them in various entries in the Capital Items of the Balance of International Payments.
Relating generally to (c), particulars of the total value of the consideration in respect of transfers of property in cases in which the 25 per cent. stamp duty, imposed by Section 13 of the Finance (No. 2) Act, 1947, has been paid, are shown in the tabular statement already referred to.
Following are the tabular statements:—
|
(a) Year |
Value of Bank of England Notes Withdrawn |
|
£ |
|
|
1944 |
7,147,124 |
|
1945 |
10,278,632 |
|
1946 |
15,343,725 |
|
1947 |
18,530,420 |
|
1948 |
21,261,646 |
|
1949 |
20,490,690 |
|
1950 |
19,696,783 |
|
1951 (First nine months) |
19,028,863 |
|
(c) Year |
Value of Consideration (approx.) |
|
£ |
|
|
1948 (including December, 1947) |
312,556 |
|
1949 |
295,596 |
|
1950 |
219,548 |
|
1951 (First nine months) |
94,008 |