asked the Minister for Local Government if he will state for each year from 1953 to 1957, inclusive, the amount borrowed, apart from Local Loans Fund issues, by (a) Dublin Corporation, and (b) Cork Corporation; and also the source and purpose of such borrowing.
Written Answers. - Borrowing by Dublin and Cork Corporations.
Following is the reply:—
AMOUNTS BORROWED FROM SOURCES OTHER THAN THE LOCAL LOANS FUND BY
(a) DUBLIN CORPORATION.
(1) By Issue of Stock.
|
1952/53 |
1953/54 |
1954/55 |
1955/56 |
1956/57 |
|
|
£ |
£ |
£ |
£ |
£ |
|
|
Purpose of Borrowing |
|||||
|
Roads |
14,385 |
— |
19,552 |
76,655 |
— |
|
Health |
69,892 |
— |
— |
2,030 |
— |
|
Sanitary Services |
426,451 |
— |
377,971 |
477,645 |
— |
|
Small Dwellings Acquisition Acts |
354,574 |
— |
1,117,746 |
1,928,035 |
— |
|
Supplementary Housing Grants |
38,507 |
— |
157,501 |
71,033 |
— |
|
Housing of Working Classes |
2,386,059 |
1,417,709 |
3,139,918 |
3,308,366 |
— |
|
General Purposes |
192,423 |
— |
37,312 |
16,236 |
— |
|
Total received |
3,482,291 |
1,417,709 |
4,850,000 |
5,880,000 |
— |
|
4,900,000 |
|||||
|
Difference between price of Stock and its nominal value |
100,000 |
150,000 |
120,000 |
— |
|
|
Total nominal Stock |
5,000,000 |
5,000,000 |
6,000,000 |
— |
(2) From Irish Assurance Company, Limited.
|
1952/53 |
1953/54 |
1954/55 |
1955/56 |
1956/57 |
|
|
£ |
£ |
£ |
£ |
£ |
|
|
Purpose of Borrowing |
|||||
|
Small Dwellings Acquisition Acts |
— |
460,000 |
540,000 |
— |
— |
|
Housing of Working Classes |
— |
— |
— |
— |
500,000 |
|
Total |
— |
460,000 |
540,000 |
— |
500,000 |
(b) CORK CORPORATION.
(1) By Issue of Stock.
|
1952/53 |
1953/54 |
1954/55 |
1955/56 |
1956/57 |
|
|
£ |
£ |
£ |
£ |
£ |
|
|
Purpose of Borrowing |
|||||
|
Sanitary Services |
— |
100,000 |
— |
— |
— |
|
Small Dwellings Acquisition Acts |
— |
100,000 |
— |
— |
— |
|
Housing of Working Classes |
— |
550,000 |
— |
1,500,000 |
— |
|
Expenses of Issue |
— |
6,600 |
— |
19,000 |
— |
|
Total received |
— |
756,600 |
— |
1,519,000 |
— |
|
Difference between price of Stock and its nominal value |
— |
23,400 |
— |
31,000 |
— |
|
Total nominal Stock |
— |
780,000 |
— |
1,550,000 |
— |
(2) From Munster and Leinster Bank, Limited.
|
1952/53 |
1953/54 |
1954/55 |
1955/56 |
1956/57 |
|
|
£ |
£ |
£ |
£ |
£ |
|
|
Purpose of Borrowing |
|||||
|
Sanitary Services |
— |
— |
7,230 |
3,355 |
— |
|
Supplementary Housing Grants |
10,000 |
— |
— |
— |
— |
|
General Purposes |
— |
— |
2,695 |
— |
23,000 |
|
Total |
10,000 |
— |
9,925 |
3,355 |
23,000 |