Skip to main content
Normal View

Dáil Éireann debate -
Tuesday, 19 May 1953

Vol. 138 No. 15

Ceisteanna—Questions. Oral Answers. - Assurance Companies: Statistics.

asked the Minister for Finance if he will state in respect of the Industrial and Life Assurance Amalgamation Company Limited (a) the issued share capital, (b) the amount of such capital held by him, (c) the amount of any loans made by him to such company and the date of each such loan, (d) the rate of interest provided for each such loan and (e) the amount of interest paid to or remitted by him (as the case may be) up to the last accounting date.

The issued share capital of the Industrial and Life Assurance Amalgamation Company Limited, which was wound up in 1949, amounted to £102,947 4s. 0d. divided into 1,029,372 "A" shares of 2/- each fully paid and 100 "B" shares of 2/-each fully paid. Immediately prior to the dissolution of the company the Minister for Finance held 929,035 "A" shares and the entire issue of "B" shares No loans were made by theMinister for Finance to the company and accordingly parts (d) and (e) of the question do not arise.

asked the Minister for Finance if he will state, in respect of the Irish Assurance Company Limited, (a) the issued share capital, (b) the amount of such capital held by him, (c) the amount of any loans made by him to such company and the date of each such loan, (d) the rate of interest provided for each such loan, and (e) the amount of interest paid to or remitted by him (as the case may be) up to the last accounting date.

The issued share capital of the Irish Assurance Company Limited is 500,000 shares of £1 each (4/- paid up) of which the Minister for Finance holds 451,268 shares. No loans were made by the Minister for Finance to the company and accordingly parts (d) and (e) of the question do not arise.

Top
Share