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Dáil Éireann debate -
Thursday, 6 Feb 1964

Vol. 207 No. 4

Ceisteanna—Questions. Oral Answers. - Cost of Loan Flotation.

11.

asked the Minister for Finance the total cost of floating the £25 million National Loan in November 1963 under the following headings: (i) commission paid to banks, (ii) commission paid to stockbrokers and (iii) cost of advertising.

Accounts in respect of the expenses of the issue of the £25 million of 5¾ per cent Exchequer Stock in the Autumn of 1963 have not yet been completed. The total cost of floating the issue is, however, estimated at £157,600 of which £147,300 represents underwriting and brokerage commissions and £10,300 other expenses including the cost of advertising.

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