asked the Minister for Finance if he will state, indicating the amounts in each case, (1) from whom money was raised by creation of debt and (2) to whom issues were made for redemption of debt in the years 1958-59 and 1959-60, respectively.
Written Answers. - Creation and Redemption of Debt.
41.
Following is the information:—
(1) MONEY raised by Creation of Debt.
|
1958-59 |
1959-60 |
|||||
|
From Public |
From Banks |
From Departmental Funds |
From Public |
From Banks |
From Departmental Funds |
|
|
£000 |
£000 |
£000 |
£000 |
£000 |
£000 |
|
|
Ways and Means Advances |
— |
— |
16,550 |
— |
— |
26,650 |
|
Exchequer Bills |
20,435 |
41,565 |
1,000 |
29,735 |
8,000 |
9,515 |
|
Bank Advances |
— |
— |
— |
— |
9,800 |
— |
|
Savings Certificates |
2,725 |
— |
— |
3,225 |
— |
— |
|
Telephone Capital Acts, 1924-56 |
— |
— |
1,450 |
— |
— |
1,350 |
|
Prize Bonds |
3,430 |
— |
— |
5,789 |
— |
— |
|
5½% Exchequer Stock, 1971-74 |
14,581 |
— |
205 |
— |
— |
— |
|
5¼% National Development Loan, 1979-84 |
— |
— |
— |
10,403 |
713(a) |
713 |
|
Other Borrowings |
5,695(b) |
— |
— |
7,137(c) |
— |
— |
(a) Includes amount taken up by sub-underwriters.
(b) Comprises £1,900,000 from the Hospitals Trust Board, £1,835,000 from An Foras Talúntais, £1,100,000 from the Electricity Supply Board and £860,000 from Comhlucht Siúicre Éireann, Teo.
(c) Comprises £2,850,000 from Córas Iompair Éireann, £2,050,000 from the Hospitals Trust Board, £1,337,000 from the Central Bank of Ireland and £900,000 from the Electricity Supply Board.
(2) ISSUES for Redemption of Debt
|
1958-59 |
1959-60 |
|||||
|
To Public |
To Banks |
To Departmental Funds |
To Public |
To Banks |
To Departmental Funds |
|
|
£000 |
£000 |
£000 |
£000 |
£000 |
£000 |
|
|
Ways and Means Advances |
— |
— |
11,375 |
— |
— |
20,890 |
|
Exchequer Bills(a) |
17,435 |
49,565 |
500 |
26,490 |
11,000 |
6,510 |
|
Bank Advances |
— |
— |
— |
— |
9,800 |
— |
|
Savings Certificates |
1,809 |
— |
— |
1,785 |
— |
— |
|
Prize Bonds |
1,168 |
— |
— |
1,738 |
— |
— |
|
Other Borrowings |
5,195(b) |
— |
— |
3,650(c) |
— |
— |
(a) As full information regarding rediscount operations is not available, the repayment figures are grouped according to the status of the first holders of the Bills.
(b) Comprises £1,835,000 to An Foras Talúntais, £1,350,000 to the Electricity Supply Board, £1,150,000 to the Hospitals Trust Board and £860,000 to Comhlucht Siúicre Éireann Teo.
(c) Comprises £2,050,000 to the Electricity Supply Board, £1,350,000 to the Hospitals Trust Board and £250,000 to Córas Iompair Éireann.