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Dáil Éireann debate -
Tuesday, 27 Oct 1953

Vol. 142 No. 5

Ceisteanna—Questions. Oral Answers. - Details of Exchequer Return.

asked the Minister for Finance if he will give, in respect of the latest available date, details of the items and receipts included under the heading of Sundry Receipts in the weekly Exchequer returns and, where such items represent interest received, the particulars of the investments from which such interest was so received.

For details of the items included under the heading "Sundry Receipts" in the weekly Exchequer returns, I would refer the Deputy to my reply on 22nd October to a similar question by Deputy Dillon.

As regards the Deputy's request for particulars of the investments from which interest is received by the Exchequer, the latest figures are included in a tabular statement which, with the permission of the Ceann Comhairle, I propose to include in the Official Report.

Following is the statement:—

1st April, 1953, to 24th October, 1953

1st April, 1952, to 25th October, 1952

Interest on repayable Advances from Central Fund under the following Acts:—

£

£

Electricity Supply Acts, 1927/52

867,678

696,016

Local Loans Fund Acts, 1935/53

716,619

573,386

Turf Development Acts, 1946/53

182,511

28,515

Sea Fisheries Act, 1952

5,547

Tourist Traffic Acts, 1939/53

173

TOTAL INTEREST RECEIVED ON CENTRAL FUND ADVANCES

£1,772,528

1,297,917

Deposit interest allowed on Exchequer Balance

30,040

18,063

Dividends on Shares of State Companies:—

Agricultural Credit Corporation:—

Net dividend at 5% p.a. for 1/2 year to 30th April, 1953, on 600,000 10/- Shares (at 4% p.a. for 1/2 year to 30th April, 1952)

£ 4,688

£ 4,013

Comhlucht Siúicre Éireann Teo:—

Net dividend at 5% p.a. for year ended 30th April, 1953, on 500,000 £1 Shares (same for year ended 30th April, 1952)

15,625

16,797

TOTAL DIVIDENDS RECEIVED

£20,313

20,810

Interest on Advances from Voted Moneys:—

Vote for Industry and Commerce:—

Interest received from Bord na Móna in respect of advances made for development of certain bogs (Pre-1946 Advances)

9,227

12,863

TOTAL INTEREST RECEIPTS

£1,832,108

1,349,653

Could the Minister say what is the total of the investments in that tabular statement?

The total of the interest is £1,832,108. That is the interest received in the period.

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