asked the Minister for Justice if he will state, for the years 31st March, 1956 to 31st March, 1967 and at the latest available date, (a) the total debt of all State and semi-State bodies under the jurisdiction of his Department and (b) the cost of servicing the debt.
Written Answers. - Indebtedness of State and Semi-State Bodies.
115.
The answer is that there are no bodies of the kind envisaged in the question under the jurisdiction of my Department.
116.
asked the Minister for Defence if he will state, for the years ended 31st March, 1956, and 31st March, 1967, and at the latest available date, (a) the total debt of all State and semi-State bodies under the jurisdiction of his Department and (b) the cost of servicing the debt.
The answer to both parts of the question is "nil".
117.
asked the Minister for Labour if he will state, for the years ended 31st March, 1956, and 31st March, 1967, and at the latest available date (a) the total debt of all State and semi-State bodies under the jurisdiction of his Department and (b) the cost of servicing the debt.
The answer is "none".
118.
asked the Minister for Finance if he will state, for the years ended 31st March, 1956, and 31st March, 1967, and at the latest available date, (a) the total debt of all State and semi-State bodies under the jurisdiction of his Department and (b) the cost of servicing the debt.
The following is the information requested so far as it is available:—
DEBT, INCLUDING SHARE CAPITAL, OF THE STATE AND SEMI-STATE BODIES UNDER THE JURISDICTION OF THE MINISTER FOR FINANCE AND COST OF SERVICING DEBT.
(The figures in the Table are based on the published accounts of the bodies and it is, therefore, not possible to give figures for the year ended 31st March in most cases. There is no debt in the case of the Central Bank of Ireland and the Racing Board).
|
Body |
Year ended |
Total Debt (including Share capital) |
Cost of servicing debt during Previous Year |
|||||||
|
Paid-up share capital |
Other Debt |
Total |
||||||||
|
Held by Exchequer |
Held otherwise |
Raised from Exchequer |
Raised otherwise |
Exchequer |
Other |
Payable to Exchequer |
Payable otherwise |
Total |
||
|
£ |
£ |
£ |
£ |
£ |
£ |
£ |
£ |
£ |
||
|
Comhlucht Siúicre Éireann |
||||||||||
|
Teo./Erin Foods Ltd. |
30/4/56 |
500,000 |
500,014 |
— |
2,766,317 |
500,000 |
3,266,331 |
15,625 |
78,080 |
93,705 |
|
(Erin Foods Ltd. was not in existence in 1956) |
30/4/67 |
4,499,958 |
500,042 |
1,000,000(a) |
4,077,845 |
5,499,958 |
4,577,887 |
73,125 |
229,169 |
302,29 |
|
Industrial Credit Co. Ltd. |
31/10/56 |
1,741,542 |
8,458 |
— |
867,327 |
1,741,542 |
875,785 |
43,538 |
42,588 |
86,126 |
|
31/10/67 |
8,829,356 |
644 |
7,853,000(b) |
2,254,351 |
16,682,356 |
2,254,995 |
332,796 |
128,860 |
461,656 |
|
|
Agricultural Credit Corporation Ltd. |
30/4/56 |
300,000 |
— |
— |
2,413,359 |
300,000 |
2,413,359 |
8,438 |
82,831 |
91,269 |
|
30/4/67 |
4,048,000 |
— |
6,000,000 |
8,074,901 |
10,048,000 |
8,074,901 |
410,931 |
386,110 |
797,041 |
|
|
Taiscí Stáit Teo. (Incorporated in 1964). |
31/3/67 |
100 |
— |
1,083,900(c) |
— |
1,084,000 |
— |
— |
— |
— |
|
Irish Life Assurance Co. Ltd. |
31/12/56 |
90,253 |
9,747 |
— |
— |
90,253 |
9,747 |
2,820 |
305 |
3,125 |
|
31/12/67 |
90,253 |
9,747 |
— |
1,250,000 |
90,253 |
1,259,747 |
23,466 |
40,156 |
63,622 |
|
|
Totals 1956 |
2,631,795 |
518,219 |
— |
6,047,003 |
2,631,795 |
6,565,222 |
70,421 |
203,804 |
274,225 |
|
|
1967 |
17,467,667 |
510,433 |
15,936,900 |
15,657,097 |
33,404,567 |
16,167,530 |
840,318 |
784,295 |
1,624,613 |
(a)The terms as to interest and repayment have not yet been determined by the Minister for Finance; this sum has been invested in the food processing project which is still at the development stage.
(b)By arrangement with the Minister for Finance interest is not at present payable on £2,536,490 of these loans. Part of this sum has been used for special re-equipment loans in lieu of adaptation grants and is interest-free for five years; the balance has been invested in Industrial Engineering Co. Ltd., Dundalk, and Verolme Cork Dockyard Ltd.
(c)The terms as to interest and repayment have not yet been determined by the Minister for Finance; most of this sum has been invested in the share capital of Aviation Development Ltd.