asked the Minister for Labour (a) the total amount of debt of State and semi-State bodies under the aegis of his Department at the latest available date and (b) the cost of servicing it.
Written Answers. - State and Semi-State Indebtedness.
The answer is none.
176.
asked the Minister for Finance (a) the total amount of debt of State and semi-State bodies under the aegis of his Department at the latest available date and (b) the cost of servicing it.
The following is the information requested:
DEBT, INCLUDING SHARE CAPITAL, OF THE SEMI-STATE BODIES UNDER THE CONTROL OF THE MINISTER FOR FINANCE AT THE LATEST AVAILABLE DATE AND COST OF SERVICING DEBT DURING THE PREVIOUS YEAR
(There is no debt in the case of the Central Bank of Ireland and the Racing Board)
Total Debt (including share capital) |
Cost of servicing debt during previous year |
|||||||||
Body |
Latest available date (a) |
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 |
||
£ |
£ |
£ |
£ |
£ |
£ |
£ |
£ |
£ |
||
Agricultural Credit Corporation Ltd. |
30/4/1968 |
5,598,000 |
— |
6,550,000 |
7,654,312 |
12,148,000 |
7,654,312 |
505,120(f) |
433,591 |
938,711 |
Cómhlucht Siúicre Éireann Teo. Group |
30/4/1968 |
4,499,958 |
500,042 |
1,000,000(b) |
5,316,006 |
5,499,958 |
5,816,048 |
74,531(e) |
202,827(g) |
277,358 |
Industrial Credit Co. Ltd. |
31/10/1967 |
8,829,356 |
644 |
7,853,000(c) |
2,254,351 |
16,682,356 |
2,254,995 |
332,796 |
128,860 |
461,656 |
Irish Life Assurance Co. Ltd. |
31/12/1967 |
90,253 |
9,747 |
— |
1,250,000 |
90,253 |
1,259,747 |
23,466(e) |
40,156(h) |
63,622 |
Taiscí Stáit Teo. |
31/3/1968 |
100 |
— |
1,325,030(d) |
— |
1,325,130 |
— |
— |
— |
— |
TOTALS |
19,017,667 |
510,433 |
16,728,030 |
16,474,669 |
35,745,697 |
16,985,102 |
935,913 |
805,434 |
1,741,347 |
(a)The accounting years vary. The figures in the Table are based on the most recently published accounts.
(b)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.
(c)By arrangement with the Minister for Finance interest was not payable on £2,536,490 of these loans.
Part of this sum was used for special re-equipment loans in lieu of adaptation grants and was interest-free for five years.
The balance was invested in Industrial Engineering Co. Ltd., Dundalk, and Verolme Cork Dockyard Ltd. The I.C.C. investment in Verlome has since been transferred to Taiscí Stáit Teo while the investment in the Industrial Engineering Company has been taken over by the State.
The manufacturing activities at Dundalk have been sold to private enterprise.
(d)The terms as to interest and repayment have not yet been determined by the Minister for Finance.
(e)Represents dividend paid net of tax.
(f)Includes £123,675 dividend paid net of tax.
(g)Includes £19,875 dividend on Preference shares paid net of tax.
(h)Includes £2,534 dividend paid net of tax.