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Dáil Éireann debate -
Thursday, 24 Jun 1965

Vol. 216 No. 10

Ceisteanna—Questions. Oral Answers. - Private Capital Inflow.

1.

(South Tipperary) asked the Taoiseach the amount of private capital inflow over the past financial year; and if he will give a breakdown of this figure to show particularly and distinguish between short-term and long-term investment.

As stated in my reply on Tuesday last to a related question by Deputy Ryan the information available in connection with capital inflows and outflows is shown in the capital account of the Balance of International Payments. With your permission, a Cheann Comhairle, I propose to circulate in the Official Report a statement giving the estimated magnitude of both the inward and outward movements in 1964 under the available headings.

Since the data on capital inflow may appear under a number of the headings in question, it is not possible on the available information to make an estimate of the aggregate amount of private capital inflow nor to segregate it between short-term and long-term investment.

Following is the statement:—

ESTIMATED Capital Account of the Balance of International Payments in the year 1964.

Category

Inward or Credit Movements

Outward or Debit Movements

£000

Government transactions:

(a) Changes in holdings of Trustee Savings Banks and Government Funds

14,756

(b) Indebtedness to Government of United States of America under European Recovery Programme

836

(c) Payments to International Institutions (IMF, IBRD, IFC, IDA)

586

Changes in external funds of the Central Bank

28,479

Banking Transactions—changes in net external assets

8,500

Purchases and sales of securities by private holders through Irish stockbrokers and banks

17,505

17,537

Movements arising out of capital issues by companies:

(a) Public issues

5,256

(b) Private issues

2,268

Net capital payments in respect of life insurance

2,400

Withdrawals from British Post Office Savings Banks

575

Encashment of British Savings Certificates

41

Other capital transactions

39,510

7,130

Balance on Capital Account

31,443

TOTAL

88,411

88,411

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