asked the Minister for Transport and Power if he will give particulars to bring up to date the information in relation to the Tourist Traffic Act guaranteed loans set out in the reply to Question No. 35 of 20th June, 1962.
Written Answers. - Tourist Traffic Act Loans.
38.
The information sought is as follows:
PARTICULARS OF LOANS GUARANTEED BY THE MINISTER UNDER THE TOURIST TRAFFIC ACT, 1952
STATEMENT IN ACCORDANCE WITH SECTION 24 (1) OF THE ACT
|
Year |
Name |
Amount of Loan Guaranteed |
Whether Principal or Interest or both Guaranteed |
Purpose of Loan |
Rate of Interest |
Period of Repayment |
|
1962-63 |
Field Enterprises Ltd., Shannon Shamrock Inn, Bunratty, County Clare. |
£7,790 |
Both |
New bedroom accommodation as follows:-New extension—eleven double bedrooms with private bath. |
3¾% |
15 years |
|
Annexe—two double bedrooms with private bath. Two suites consisting of lounge/bedroom, kitchenette and bathroom. |
||||||
|
One housemaid's closet. |
||||||
|
,, |
Irish and Intercontinental Hotels Ltd., 4/5 Westmoreland Street, Dublin 2. |
£1,485,000 (maximum) |
Both |
Dublin Hotel 315 double bedrooms each with private bathroom including two Presidential suites and one other suite, diningroom (to seat 200 persons); lounges; bar; rooftop cocktail lounge; banquet/conference room to seat 750 persons; kitchen and ancillary services; laundry, valet shop, workshops, gift shop; space for two airline offices and space for bank; parking area. Cork Hotel 96 double bedrooms with private baths; diningroom (to seat 125 persons); lounges; bar and cocktail lounge; kitchen and ancillary services; workshop; gift shop; parking area. Limerick Hotel 96 double bedrooms with private baths; diningroom (to seat 125 persons); lounges; bar and cocktail lounge; kitchen and ancillary services; workshop; gift shop; parking area. |
Minister not liable for interest at any greater rate than 1% below the rate charged for Government guaranted advances— with 2½% minimum |
30 years |
|
1962-63 |
Cruising Craft (Shannon) Ltd., Killaloe, County Clare. |
£9,300 |
Both |
Provision of two 2-berth cruisers and four 4-berth cruisers. Refitting of two existing cruisers. |
3¼% |
20 years |
|
,, |
Irish River Floatels Ltd., Athlone, County Westmeath. |
£4,000 |
Both |
Provision of one 12-berth luxury motor cruiser. |
3¼% |
20 years |
|
,, |
O'Brien Kennedy, Sons and Co. Ltd., Shannon Harbour, Birr, County Offaly. |
£10,000 |
Both |
Provision of two 7-berth diesel-engined motor cruisers fully equipped; two 4-berth petrol engined motor cruisers; one 3-berth auxiliary sailing boat; three dinghies, two sailing dinghies; one service launch and trailer; reception office at Jamestown, County Leitrim, and moorings for four boats; preparatory work on Marina site at Jamestown opposite quay. |
3¼% |
20 years |
|
1963-64 |
Breaghwy House Hotel Ltd. |
£28,855 |
Both |
Conversion of existing premises to form a hotel comprising: 8 double bedrooms with private bath, 13 double bedrooms without bath, 2 single bedrooms without bath, with ancillary accommodation and services. |
3¼% |
15 years |
|
,, |
Bray Enterprises Ltd. |
£4,500 |
Both |
The provision of a bowling green; crazy golf; putting green; shuffieboard court and equipment at Barry's Field, Adelaide Road, Bray. |
3¼% |
20 years |
|
1964-65 |
— |
Nil |
— |
— |
— |
— |
|
Totals of Loan Guaranteed |
||||||
|
1962-63 |
£1,516,090 |
|||||
|
1963-64 |
33,355 |
|||||
|
1964-65 (to date) |
Nil |
|||||
|
£1,549,445 |
||||||
|
Loans guaranteed in period 1952-53—1961-62 |
605,427 |
|||||
|
GRAND TOTAL |
£2,154,872 |
|||||
|
Account in accordance with Section 24 (2) of the Act. |
||||||
|
Total of sums advanced to date out of the Central Fund for the fulfilment of guarantees—Nil. |
||||||
|
Expenditure by Bord Fáilte on Interest Grants on Guaranteed Loans. |
||||||
|
Year |
Total |
|||||
|
1961-62 |
£8,931 |
|||||
|
1962-63 |
£19,265 |
|||||
|
1963-64 |
£79,082 (provisional) |
|||||
|
£107,278 |
||||||
|
Interest grants on guaranteed loans paid in period 1953-54—1960-61 |
£29,952 |
|||||
|
GRAND TOTAL |
£137,230 |