asked the Taoiseach the net income in foreign currency earned (i) by Irish Shipping, Limited, and (ii) by Irish shipping as a whole over the years 1956 to 1965, inclusive.
Written Answers. - Irish Shipping Limited.
131.
The information available relates to the gross freight earnings of Irish shipping companies from all activities except coastal trade, less payments made outside the State in respect of operating expenses. The following table shows these net earnings for (i) Irish Shipping Limited, (ii) all Irish shipping companies.
|
Year |
Net earnings of Irish shipping companies. |
|
|
Irish Shipping Ltd. |
All Irish shipping companies |
|
|
£ million |
||
|
1956 |
1.4 |
2.1 |
|
1957 |
1.9 |
2.5 |
|
1958 |
1.0 |
1.4 |
|
1959 |
1.2 |
1.7 |
|
1960 |
1.7 |
2.1 |
|
1961 |
1.2 |
1.8 |
|
1962 |
0.9 |
1.5 |
|
1963 |
0.8 |
1.1 |
|
1964 |
1.5 |
2.2 |
|
1965 |
1.5 |
2.0(e) |
(e) = Estimated.
132.
asked the Minister for Transport and Power the balance of profit or loss of Irish Shipping, Limited, including all amortisation and interest payments, over the ten year period 1956 to 1965.
Following is the information:
Profits and losses of Irish Shipping Ltd.
|
Year ended |
Profit ( + ) or Loss ( – ) |
|
|
£ |
||
|
30/4/57 |
( + ) |
484,112 |
|
30/4/58 |
( + ) |
63,460 |
|
30/4/59 |
( – ) |
553,327 |
|
30/4/50 |
( – ) |
596,272 |
|
30/4/61 |
( – ) |
264,879 |
|
*31/3/62 |
( – ) |
208,673 |
|
(eleven months) |
||
|
31/3/63 |
( – ) |
838,365 |
|
31/3/64 |
( – ) |
556,721 |
|
31/3/65 |
( – ) |
274,842 |
|
31/3/66 |
( + ) |
58,404 |
|
Balance |
2,687,103 |
* Consequent on change in Company's financial year.
133.
asked the Minister for Transport and Power the details of the projected new construction of ships (i) by Irish Shipping, Limited, and (ii) by other Irish shipowners in autumn 1966.
134.
asked the Minister for Transport and Power what tonnage is the minimum below which that owned by Irish Shipping, Limited would not be allowed to fall; and whether, in view of the steady growth in the average size of ships, he has any intention of revising this minimum.
135.
asked the Minister for Transport and Power if it is the policy of Irish Shipping, Limited not to own tankers in the future; if so, why; and whether the present single Irish Shipping Limited coastal tanker will be replaced or added to.
A dry cargo bulk carrier of 34,000 tons deadweight is under construction at Verolme Cork Dockyard for Irish Shipping Ltd. No other new construction is projected by the company at present. No new construction is at present projected by the B & I Steam Packet Company.
As indicated in the Second Programme for Economic Expansion a dry cargo fleet of approximately 150,000 tons deadweight would be adequate to meet essential emergency requirements and it is intended that the fleet of Irish Shipping Limited should be maintained at approximately this level. Expansion of the fleet beyond this level would be considered in the light of commercial considerations.
The estimated tonnage which would be required in an emergency has already been reduced in the light of the greater speed and size of ships but no further revision of this estimate is called for at present.