asked the Minister for Local Government if he will state (a) the amount of the debt of the Cork Corporation on 31st March, 1938, (b) the amount of principal repaid and interest paid in the year ended 31st March, 1938, and the amount of principal and interest outstanding on 31st March, 1938, (c) the increase in the corporation's debt between 1st April, 1938, and 31st March, 1955, and (d) the amount of principal repaid and interest paid on this increase, and the amount of principal and interest outstanding on 1st April, 1955.
Written Answers. - Cork Corporation Debt.
Information in the exact form requested is not available, but the following figures may meet the Deputy's requirements:—
|
£ |
|
|
Total net indebtedness of Cork Corporation on 31st March, 1938 |
1,257,748 |
|
Total net indebtedness of Cork Corporation on 31st March, 1955 |
2,668,398 |
|
Principal repaid (including payments to Sinking Funds) in financial year 1937/38 |
29,086 |
|
Interest (including dividends) paid in financial year 1937/38 |
38,646 |
|
Principal repaid (including payments to Sinking Funds) in financial year 1954/55 |
54,788 |
|
Interest (including dividends) paid in financial year 1954/55 |
130,581 |
Amounts paid by Cork Corporation by way of interest on temporary bank overdraft are not included in the above figures.