asked the Minister for Finance if he will state (a) the amount of Government loans and guarantees to C.I.E., (b) the amount of principal repaid and interest paid up to 31st March, 1955, and (c) the amount of principal and interest outstanding on 1st April, 1955.
Written Answers. - Government Loans and Guarantees to C.I.E.
The information requested by the Deputy is as follows:—
|
(a) Total of Exchequer advances and guaranteed Transport Stocks as at 31st March, 1955 |
£ |
|
23,892,000 |
|
|
(b) (1) Principal repaid up to 31st March, 1955 |
Nil |
|
(2) Interest paid up to 31st March, 1955 |
|
|
(i) on Exchequer advances |
205,000 |
|
(ii) on Transport Stocks |
2,526,000 |
|
(met from Exchequer advances) |
|
|
(c) (1) Principal outstanding on 1st April, 1955 |
23,892,000 |
|
(2) Interest outstanding on 1st April, 1955 |
Nil |
Temporary borrowings on overdraft were guaranteed from time to time within a maximum of £500,000 under Section 30 (1) of the Transport Act, 1950. The guaranteed overdraft outstanding on 31st March, 1955, was £500,000.