With your permission, a Cheann Comhairle, I propose to take Questions Nos. 66 and 67 together. Particulars of grants paid by An Foras Tionscal are given in the annual reports published by that body. These reports are available in the Library. The reports do not distinguish between Irish controlled and foreign-controlled firms and records are not kept in a form which would make the required information readily available. A fully accurate and up-to-date statement in the matter of control could be made only on the basis of an examination in the Companies Registration Office records of the current shareholding in each grant-aided firm.
As particulars regarding the names of the firms that failed since 1957-58 and their classification between Irish and foreign promotion is in the form of a tabular statement, I propose with your permission, A Cheann Comhairle to have the statement circulated with the Official Report.
Following is the statement:—
AN FORAS TIONSCAL
Grant-Aided Firms which Ceased Production (since 31/3/58)
Name and Location
|
Amount of Grant Paid
|
Promotion
|
Acquired by
|
|
£
|
|
|
1. Rainbow Plastics Ltd. Dún Laoghaire & Omeath
|
2,000
|
Irish
|
—
|
2. Atlantic Fish Industries Ltd., Killybegs
|
59,000
|
Foreign
|
Bórd Iascaigh Mhara.
|
3. N.W. Robbie & Co. Ltd., Ennis
|
66,500
|
Foreign
|
Ennis Fabrics Ltd.
|
4. Tailteann Sports Products Ltd., Killorglin
|
5,396
|
Irish
|
—
|
5. J. Bird Moyer Co. of Ireland Ltd., Kilsaren, Co. Louth
|
9,000
|
Irish/Foreign
|
—
|
6. Sligo Spinning Co. Ltd., Sligo
|
88,000
|
Irish
|
S. Lumb & Co.
|
7. Precision Alloys Ltd., Dublin
|
165,000
|
Irish
|
—
|
8. Edelweiss Dairy Products Ltd., Wexford
|
105,443
|
Foreign
|
Wexford Creameries Ltd.
|
9. Kenway & Co. Ltd., Carrickmacross, Co. Monaghan
|
19,000
|
Irish
|
—
|
10. J. Colquhoun & Co. Ltd., St. Johnston, Co. Donegal
|
5,000
|
Irish
|
—
|
11. Irish Diamond Co. Ltd., Ennis, Co. Clare
|
49,640
|
Foreign
|
—
|
12. Combiners Ltd., Portumna, Co. Galway
|
41,036
|
Foreign
|
—
|
13. G.E.C. of Ireland Ltd., Dunleer and Dundalk
|
341,000
|
Foreign
|
Ecco Ltd.
|
14. Holden's Synthetic Products Ltd., Dublin
|
100,000
|
Irish
|
—
|
15. Lentex Cottons Ltd., Portumna
|
1,500
|
Irish
|
—
|
16. Tefzet Carpets Ltd., Dunmanway
|
20,400
|
Foreign
|
Interhat Ltd.,
|
17. J. Bruton & Sons Ltd., Tuam
|
67,500
|
Foreign
|
—
|
18. Arco Clothing Ltd., Ennis
|
22,500
|
Foreign
|
Invertere Coat Co. Ltd.
|
19. Montana Steel Ltd., Dublin
|
113,000
|
Foreign
|
Associated Merchandise Co. Ltd.
|
20. Donnelly Ltd., Dublin
|
100,000
|
Irish
|
Clover Meats Ltd.
|
21. Ernetex Ltd., Clones
|
83,000
|
Irish/Foreign
|
—
|
22. Tempress Instruments Ltd., Athlone
|
30,226
|
Foreign
|
—
|
23. Electra Ltd., Dublin
|
60,000
|
Foreign
|
Fiat (Ireland) Ltd.
|
24. Philips Electrical (Ireland) Ltd., Finglas
|
176,500
|
Foreign
|
—
|
Summary
24 firms which failed since 1957/58:—
Promoted by Irish interests——
|
9
|
,, ,, Irish and foreign interests —
|
2
|
,, ,, foreign interests——
|
13
|
|
—
|
|
24
|