asked the Minister for Finance if he will state particulars of the investments available to trustees after the 2nd July, 1958, in which to invest trust funds which are (a) Government stocks (b) State guaranteed stocks and (c) local authority stocks, including in each case the amount of stock now outstanding; whether income-tax is or is not deducted at source from interest payments, and the provisions for redemption.
Written Answers. - Investments Available to Trustees.
The information requested by the Deputy is as follows. As regards local authority stocks, the table includes particulars only of stocks of harbour authorities; the information regarding other local authority stocks is being obtained and will be forwarded to the Deputy.
|
Stock |
Amount outstanding |
Whether income-tax deducted from interest payments |
Redemption |
|
£ |
|||
|
(a) Government Stocks: |
At 31st March, 1958 |
At par— |
|
|
3¾% Fourth National Loan, 1950-70 |
3,597,456 |
No |
1.2.1950—1.8.1970 |
|
3¼% Financial Agreement Loan, 1953-58 |
1,255,033 |
No |
15.9.1953—15.9.1958 |
|
3¼% National Security Loan, 1956-61 |
5,680,006 |
No |
1.12.1956—1.12.1961 |
|
3% Exchequer Bonds, 1965-70 |
20,195,331 |
No |
1.10.1965—1.10.1970 |
|
3½% Exchequer Bonds, 1965-70 |
26,682,829 |
No |
15.7.1965—15.7.1970 |
|
5% National Loan, 1962-72 |
17,200,600 |
No |
15.9.1962—15.9.1972 |
|
4½% National Loan, 1973-78 |
20,998,050 |
No |
1.9.1973—1.9.1978 |
|
4¼% National Loan, 1975-80 |
18,488,720 |
No |
1.11.1975—1.11.1980 |
|
5% National Savings Bonds, 1971-81 |
19,564,850 |
No |
15.2.1971—15.2.1981 |
|
5½% National Loan, 1966 |
6,607,626 |
No |
15.12.1966 |
|
6% National Loan, 1967 |
20,421,963 |
No |
15.12.1967 |
|
(b) State Guaranteed Stocks: |
At 31st March, 1958 |
At par— |
|
|
£ |
|||
|
Land Bonds— |
|||
|
4½% Land Bonds |
21,141,417 |
Yes |
By sinking fund operating by annual drawings. |
|
4½% New Land Bonds |
545,801 |
Yes |
do. |
|
4% Land Bonds |
3,644,298 |
Yes |
do. |
|
3½% Land Bonds |
551,986 |
Yes |
do. |
|
3% Land Bonds |
155,709 |
Yes |
do. |
|
4¾% Land Bonds |
1,413,152 |
Yes |
do. (drawing not yet started) |
|
5% Land Bonds |
504,371 |
Yes |
do. do. |
|
5¾% Land Bonds |
307,079 |
Yes |
do. do. |
|
6% Land Bonds |
50,832 |
Yes |
do. do. |
|
Agricultural Credit Corp. Ltd. |
|||
|
3% State Guaranteed Mortgage Stock, 1957-67 |
1,000,000 |
No |
1.3.1957—1.9.1967 |
|
3½% State Guaranteed Mortgage Stock, 1966-76 |
500,000 |
No |
1.3.1966—1.9.1976 |
|
4½% State Guaranteed Mortgage Stock, 1957-60 |
500,000 |
No |
1.9.1957—1.9.1960 |
|
4% State Guaranteed Mortgage Stock, 1962-65 |
200,000 |
No |
1.11.1962—1.11.1965 |
|
Comhlucht Siuicre Éireann Teo. |
|||
|
4% Guaranteed Debenture Stock, 1954-74 |
1,000,000 |
Yes |
1.5.1954—1.11.1974 |
|
At 31st March, 1958 |
At par— |
||
|
Córas Iompair Eireann— |
|||
|
3% Transport Stock, 1955-60 |
9,889,083 |
Yes |
30.6.1955—30.6.1960 |
|
2½% ,,,, 1965-75 |
3,000,000 |
Yes |
30.6.1965—30.6.1975 |
|
3% ,, ,, 1975-85 |
3,514,460 |
Yes |
30.6.1975—30.6.1985 |
|
5% ,, ,, 1972-77 |
2,500,000 |
Yes |
1.7.1972—30.6.1977 |
|
4¼% ,,,, 1972-77 |
4,500,000 |
No |
1.7.1972—30.6.1977 |
|
Electricity Supply Board— |
|||
|
5% Stock, 1966-75 |
9,676,100 |
No |
1.4.1966—30.9.1975 |
|
6% ,, 1968-78 |
4,050,000 |
No |
1.7.1968—1.7.1978 |
|
(c) Local Authority Stocks:(Harbour Authorities only) |
|||
|
Dublin Port and Docks Board. |
|||
|
3¼% Redeemable Stock, 1959 |
164,769 |
Yes |
7.12.1959 |
|
5% Redeemable Stock, 1962-85 |
904,022 |
Yes |
1.1.1962—1.1.1985 |
|
4% Redeemable Stock, 1975-95 |
355,888 |
Yes |
1.11.1975—1.11.1995 |
|
3% Redeemable Stock, 1976-96 |
300,000 |
Yes |
1.1.1976—1.1.1996 |
|
Cork Harbour Commissioners. |
|||
|
4% Irredeemable Consolidated Stock |
6,170 |
Yes |
Irredeemable |