asked the Minister for Finance if he will state (a) the total amount subscribed by the banks and by other subscribers to the recent national loan, (b) the number of applications and the amount allotted in the categories (i) up to £500, (ii) over £500 and up to £1,000, (iii) over £1,000 and up to £5,000, (iv) over £5,000 and up to £10,000, (v) over £10,000 and up to £50,000, (vi) over £50,000 and up to £100,000, (vii) over £100,000 and up to £250,000, and (viii) over £250,000, (c) the total of allotments to addresses in Ireland and to addresses outside Ireland, and (d) the estimated withdrawals of savings bank deposits and savings certificates for investment in the loan.
Ceisteanna—Questions. Oral Answers. - National Loan Subscriptions.
Public subscriptions to the £20,000,000 4¼ per cent. National Loan totalled £15,197,100. To facilitate marketing arrangements, stock to the amount of £600,000 was taken up by the Minister for Finance on behalf of departmental funds. The banks were allotted the balance of £4,202,900 as against an application for £5,000,000.
Following is an analysis of applications, excluding those of the Minister and the banks, by number and amount:—
|
Category |
No. of Applications |
Amount Allotted£ |
|||
|
Up to £500 |
10,089 |
2,719,320 |
|||
|
Over |
£500 |
and up to |
£1,000 |
2,910 |
2,564,640 |
|
,, |
£1,000 |
,, ,, ,, |
£5,000 |
1,541 |
3,570,820 |
|
,, |
£5,000 |
,, ,, ,, |
£10,000 |
141 |
1,198,380 |
|
,, |
£10,000 |
,, ,, ,, |
£50,000 |
74 |
1,844,400 |
|
,, |
£50,000 |
,, ,, ,, |
£100,000 |
12 |
1,056,760 |
|
,, |
£100,000 |
,, ,, ,, |
£250,000 |
7 |
1,542,780 |
|
,, |
£250,000 |
1 |
700,000 |
Of the public subscriptions allotments to addresses in Ireland amounted to £12,891,060 and allotments to addresses outside Ireland to £2,306,040.
No information is sought as to the purpose of withdrawal of savings bank deposits or encashment of savings certificates.
In view of this and of the fact that payment for stock of the recent loan need not be completed until 17th December next, no firm estimate can be given of the amount of "small savings" diverted to the loan. On a rough estimate the amount of withdrawals and encashments to date for this purpose is of the order of £800,000.