asked the Minister for Finance the total amount paid by the Exchequer to private banks for management of Government stocks, national loans, prize bonds, loan charges, etc., together with details of the amounts paid for each service given by the bank concerned, for the year 1961-62.
Ceisteanna—Questions. Oral Answers. - Exchequer Payments to Private Banks.
20.
As the answer is in the form of a tabular statement, I propose, with the permission of the Ceann Comhairle, to have it circulated with the Official Report.
Following is the statement:
Amounts paid by the Exchequer to private banks in 1961-62 for management of Government Stocks, national loans, Prize Bonds, etc.
|
Name of Bank |
Amount Paid |
Purpose of Payment |
|
£ |
||
|
Bank of Ireland |
55,730 |
Management of Government Stocks. |
|
12,759 |
Management of Prize Bonds. |
|
|
10,713 |
Issue of Prize Bonds. |
|
|
79,202 |
||
|
National City Bank |
8,566 |
Management of Land Bonds. |
|
Irish Banks' Standing Committee* (for distribution among its member banks). |
52,500 |
Underwriting Commission in respect of 1961 National Loan. |
|
Bank of Ireland* (for distribution among the commercial banks including the Bank of Ireland). |
27,237 |
Brokerage Commission on issue of 1961 National Loan and Prize Bonds. |
|
Total amount paid |
167,505 |
* The underwriting arrangements for National Loans are made with the Irish Banks' Standing Committee and the degree of participation of individual banks is not disclosed to the Minister.
As regards brokerage on Loans, I would not think it proper to disclose the amount received by each bank as this information would reveal the proportions in which application for the Loans were received through individual banks.