asked the Minister for Education if he will state in respect of each State-sponsored board or company for which he is responsible (1) the date on which and the authority under which it was constituted, (2) the names of the directors, designating those who are civil servants and also those who are wholetime employed by such board or company, and the manner in which each director is appointed, (3) the amount of share or loan capital or advances made to each and not repaid at the present time and the terms of repayments, if any, of such amounts, (4) the amount received by each during the last available financial year from (a) voted moneys, (b) the Central Fund, (c) licence or similar fees paid to it by the public and (d) sales, (5) the amount of capital (a) expended during each of the three years ended 31st March, 1966 and estimated to be expended in the current year and (b) for which commitments have been announced, (6) the remuneration paid to each director and to each of the five principal executives in each organisation, and (7) the name of the auditors to each such organisation and how they were appointed (i.e. by statute, the Minister or the company) and, if the company, how the shares giving the right to vote on such appointments are held.
Written Answers. - State-Sponsored Bodies.
There are no companies or boards of the type envisaged in the question for which my Department is responsible.
131.
asked the Minister for Industry and Commerce if he will state in respect of each State-sponsored board or company for which he is responsible (1) the date on which and the authority under which it was constituted, (2) the names of the directors, designating those who are civil servants and also those who are whole-time employed by such board or company, and the manner in which each director is appointed, (3) the amount of share or loan capital or advances made to each and not repaid at the present time and the terms of repayments, if any, of such amounts, (4) the amount received by each during the last available financial year from (a) voted moneys, (b) the Central Fund, (c) licence or similar fees paid to it by the public and (d) sales, (5) the amount of capital (a) expended during each of the three years ended 31st March, 1966 and estimated to be expended in the current year and (b) for which commitments have been announced, (6) the remuneration paid to each director and to each of the five principal executives in each organisation, and (7) the name of the auditors to each such organisation and how they were appointed (i.e. by statute, the Minister or the company) and, if the company, how the shares giving the right to vote on such appointments are held.
The information available is in the form of a tabular statement which, with your permission, a Cheann Comhairle, it is proposed to circulate with the Official Report.
It is assumed, from the form of the question, that it relates only to bodies and companies which are engaged in trading and the statement covers only such bodies.
Following is the statement:
PARTICULARS REGARDING THE CONSTITUTION, DIRECTORATE AND FINANCIAL TRANSACTIONS OF STATE SPONSORED BOARDS OR COMPANIES
|
Date on which and the authority constituted |
Names of Directors(a) Civil Servant(b) Wholetime employed |
Amount of share or loan capital or advances made and not repaid and the terms of repayment |
Amounts received during the financial year ended 31/3/66 from(a) voted monies(b) Central fund(c) licence or similar fees paid by public(d) Sales |
Amount of Capital(a) expended during each of the 3 years ended 31/3/66 and estimated to be expended in the current year(b) for which commitments have been announced |
Current annual remuneration of Directors |
||
|
(1) |
(2) |
(3) |
(4) |
(5) |
(6) |
||
|
£ |
|||||||
|
Irish Steel Holdings Limited |
20th June, 1947Companies Acts, 1908 to 1924 |
G.P.S. Hogan(Chairman and Executive Director) (b)F. J. R. CrossB. Devlin |
The share capital of the company is £6,000,000 divided into £1 shares, of which shares to the value of £5,750,000 (including 5 Directors Shares) have been taken up by the Minister for Finance under Section 3 (1) of the Irish Steel Holdings Ltd. Act, 1960 as amended by Section 3 of the Irish Steel Holdings Ltd. (Amendment) Act, 1963. |
(a) Nil(b) £200,000(c) not available(d) £3,759,083 (year ended 30/6/66) |
(a) 1963/64—£1,280,0001964/65—£200,0001965/66—£200,0001966/67—£188,000(estimated)(b) Nil |
Chairman |
2,950 |
|
Mr. Cross |
450 |
||||||
|
Mr. Devlin |
450 |
||||||
|
Min Fhéir (1959) Teoranta |
5th May, 1960Grass Meal (Production) (Amendment) Act, 1959 |
T. Scanlan(Chairman)K.P. MurrayE.L. HynesS.Ó Donncadha |
The Company has been financed by way of share capital amounting to £200,000. All the shares have been issued and are held by or in trust for the Minister for Finance |
(a) Nil(b) ,,(c) ,,(d) £32,600 |
(a) 1963/64—£42,6831964/65—£17,5671965/66—£3,9351966/67—Nil(b) Nil |
Chairman |
325 |
|
Mr. Murray |
200 |
||||||
|
Mr. Hynes |
200 |
||||||
|
Mr. Ó Donncadha |
200 |
||||||
|
Mr. Duffy |
200 |
||||||
|
Nitrigin Éireann Teoranta |
3rd October, 1961Companies Acts, 1908 to 1959 |
J. Murphy (Chairman)J.B. Hynes (a) (b)(Managing Director)C.J. Byrnes (a)T. FinneganA. LundE.J. Sheehy (a)J. O'Donnell |
The share capital of the company is £100 divided into 100 shares of £1 each, of which 97 have been issued. The Minister for Finance holds 90 of theissued shares, and 7 are held by the Directors of the Company. Repayable advances, totalling £6,000,000, have been made to the Company in accordance with Section 5 of the Nitrigin Éireann Teo. Act, 1963. The rate of interest fixed in respect of each advance was the Exchequer lending rate when the advance was made and which, overall, ranged from 6% to 6¼%. The time and method of repayment of the advances made to the Company and the interest thereon have not yet been finalised |
(a) Nil(b) £651,000(c) Not available(d) £2,123,145(Net sales in the Company year ended 30th June, 1966) (estimated) |
(a) 1963/64—£1.955 million1964/65—£2.25 million1965/66—£1.499 million1966/67—£.878 million(b) As indicated in the Statement of Accounts and Directors Report for the year ended 30th June, 1966, commitments under contracts for Capital Expenditure at that date but not provided in the accounts were estimated at £915,000 |
Chairman |
1,500 |
|
Managing Director |
4,400 |
||||||
|
Mr. Byrnes |
500 |
||||||
|
Mr. Finnegan |
500 |
||||||
|
Mr. Lund |
500 |
||||||
|
Mr. Sheehy |
500 |
||||||
|
Mr. O'Donnell |
500 |
||||||
|
Ceimicí Teoranta |
16th November, 1938 Industrial Alcohol Act, 1938 (name altered to present title by Industrial Alcohol (Amendment) Act, 1947 |
St. John Connolly(Chairman) (a)P. O'Halpin(Managing Director) (b)G. Van der LeeL.M. FitzgeraldJ. BreenW. Sandys |
Share Capital £495,756Loan Capital Advances Nil |
(a) Nil(b) Nil(c) Nil(d) £800,000 |
(a) 1963/64—£1,7691964/65—£19,9401965/66—£4,5251966/67—£7,500(estimated)(b) Nil |
Chairman |
450 |
|
Managing Director |
3,360 |
||||||
|
Mr. Van der Lee |
325 |
||||||
|
Mr. Fitzgerald |
325 |
||||||
|
Mr. Breen |
325 |
||||||
|
Mr. Sandys |
325 |
NOTES:
(i) Except in the case of Ceimicí Teoranta, the accounts of the bodies referred to above are audited by the Comptroller and Auditor General. In the case of Ceimicí Teoranta, the accounts are audited by Messrs. Butler, Chance & Co. who were appointed by the Company subject to approva of Minister for Finance after consultation with Minister for Industry and Commerce.
(ii) Except in the case of Ceimicí Teoranta, the directors are appointed by the Minister for Industry and Commerce after consultation with the Minister for Finance. In the case of Ceimicí Teoranta four of the directors are appointed by the Minister for Finance after consultation with the Minister for Industry and Commerce. The other two directors are elected by the shareholders.
(iii) Details of the remuneration paid to the principal executive are not available.
132.
asked the Minister for Health if he will state in respect of each State-sponsored board or company for which he is responsible (1) the date on which and the authority under which it was constituted, (2) the names of the directors, designating those who are civil servants and also those who are wholetime employed by such board or company, and the manner in which each director is appointed, (3) the amount of share or loan capital or advances made to each and not repaid at the present time and the terms of repayments, if any, of such amounts, (4) the amount received by each during the last available financial year from (a) voted moneys, (b) the Central Fund, (c) licence or similar fees paid to it by the public and (d) sales, (5) the amount of capital (a) expended during each of the three years ended 31st March, 1966 and estimated to be expended in the current year and (b) for which commitments have been announced, (6) the remuneration paid to each director and to each of the five principal executives in each organisation and (7) the name of the auditors to each such organisation and how they were appointed (i.e. by statute, the Minister or the company) and, if the company, how the shares giving the right to vote on such appointments are held.
Information is being compiled and I would suggest that the Deputy repeat the question in a week.