asked the Minister for Industry and Commerce if he will state in respect of advances made to the Turf Development Board prior to the winding up thereof: (1) the total amount of advances, (2) the amount thereof representing free grants, interest free loans, and loans and interest respectively, (3) the amount of interest paid in respect of such interest bearing grants, and (4) the rate of interest so payable.
Ceisteanna—Questions. Oral Answers. - Advance to Turf Development Board.
As the reply is in the form of a tabular statement I propose, with the permission of the Ceann Comhairle, to have it circulated with the official report.
Following is the statement:—
A.—REPAYABLE ADVANCES MADE TO THE TURF DEVELOPMENT BOARD LIMITED.
|
(1) |
(2) |
(3) |
(4) |
||
|
Total amount of Advances |
Amounts included in figure shown in column (1) in respect of |
Amount of interest paid by Turf Development Board Ltd. to date of dissolution of the Board |
Rates of interest payable |
||
|
Free grants |
Interest free loans |
Loans with interest |
|||
|
£454,165 |
Nil |
Nil |
£454,165 |
£53,321 |
4¾% to 5¾% |
B.—The total amount issued to the board by way of non-repayable Grants-in-Aid was £1,980,732.