Dáil Éireann debate -
Tuesday, 3 Nov 1964

Vol. 212 No. 1

Ceisteanna—Questions. Oral Answers. - Shipping Finance Corporation Limited.

41.

Mr. Sweetman

asked the Minister for Finance the amount advanced by Shipping Finance Corporation Limited by way of loan or otherwise up to the 31st October 1963 and 1964 respectively; the names of the persons to whom each such sum was advanced and the amount respectively advanced to each; the date of each such advance; the size and cost of the ships for which each advance was made; the place where each such ship was built; the terms of each such advance including the period for repayment and rate of interest charged; whether all instalments due for repayment of such advances or part thereof have been punctually met; and, if not, the cases in which default has been made and the extent of such default.

42.

Mr. Sweetman

asked the Minister for Finance the outstanding amount advanced by the Industrial Credit Company Limited to Shipping Finance Corporation Limited by way of mortgage debenture loan or otherwise as at the 31st October, 1963 and 1964 respectively.

Dr. Ryan

With your permission, a Cheann Comhairle, I propose to take Questions Nos. 41 and 42 together.

It will be seen from the accounts of Shipping Finance Corporation which were presented to the Dáil in January, 1964, as part of the accounts of the Industrial Credit Company, that the amount of loans advanced by the Corporation as at 31st October, 1963, was £2,304,450 and the mortgage debenture loan advanced to the Corporation by the Industrial Credit Company at the same date amounted to £2,357,800. I understand that the corresponding figures for 31st October, 1964, are not yet available.

It is not the practice to disclose the further information sought by the Deputy. This information relates to individual transactions between the Corporation and its clients and I do not consider that the disclosure by me of such information would be in the public interest or that of the Corporation and its clients.