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Dáil Éireann debate -
Thursday, 19 Apr 1956

Vol. 156 No. 6

Ceisteanna—Questions. Oral Answers - International Payments Statement.

asked the Taoiseach if he can give details of item 9, "Other Capital Transactions" of the Balance of International Payments Statement for 1954 and 1955, and, if not, whether he will indicate the order of magnitude of the principal constituents of this item.

It is not possible to give the information asked for in respect of the components of item 9, "Other Capital Transactions", of the Balance of International Payments Statement for 1954 and 1955 without disclosing information which was made available on a confidential basis. The item covers such headings as loans and advances to Irish residents by external insurance and finance companies, capital provided by British companies for Irish associates, changes in the net deposits held by commercial banks on behalf of their extern customers, changes in the amount outstanding in respect of Irish bank acceptances discounted in London, credit extended by foreign suppliers to Irish importers, external subscriptions to new issues by the State and local authorities, adjustments in respect of the valuation of investments, property dealings through external stockbrokers and redemption of land bonds by externs.

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