asked the Minister for Fisheries and Forestry in view of his reply to Parliamentary Question No. 318 that loans of £519,000 are secured by a mortgage debenture and a general charge in favour of Bord Iascaigh Mhara over all the assets of the companies which purchased the boatyards, the reason subsequent replies are not in accordance with the reply given to Question No. 318.
Written Answers. - Purchase of Boatyards.
352.
Subsequent replies in connection with the mortgage debentures and general charges in favour of BIM in respect of the sale of the boatyards were not at variance with reply given to Parliamentary Question No. 318. The mortgages and the debentures were signed by the purchasers prior to the date of take over. The fact that they were not registered in respect of two of the boatyards has not diminished the board's securities for the loans advanced in these two cases since the legal transfer of ownership of properties had not passed pending transfer of the freehold in the properties.
353.
asked the Minister for Fisheries and Forestry the reason his reply to Parliamentary Question No. 371 indicated that the total amount of money realised for the sale of the boatyards, amounted to £1,334,246 while the audit accounts of Bord Iascaigh Mhara indicated that the consideration for the sale of the boatyards was discharged by £817,746 cash and £519,000 loans, giving a total of £1,336,746.
The difference in the amount given in Parliamentary Question No. 371 for the sale of the boatyards and the figure as it appeared in the board's audited accounts amounts to £2,500. This amount refers to materials which were not required by any of the purchasers of the boatyards and were subsequently sold to another purchaser.
354.
asked the Minister for Fisheries and Forestry the total losses incurred in the operation of the boatyards for the four years ended 31 December 1979; and if losses have been discharged through grants and aid from the fisheries board.
The total losses in the boatyards for the four years ended 31 December 1979 were as follows:—
|
£ |
|
|
1976 |
187.202 |
|
1977 |
542.568 |
|
1978 |
985.023 |
|
1979 |
805.582 (trading) |
|
1979 |
379.094 (loss on sale) |
|
2.899.469 |
These losses have not been discharged through grants and aid from the fisheries board.
Board Iascaigh Mhara have been recouped to the extent of £2,200,000 by way of grant-in-aid from the Exchequer.
355.
asked the Minister for Fisheries and Forestry if he will indicate the portion of the cash consideration of £817,746 received by Bord Iascaigh Mhara up to and including (a) 31 December 1979 and (b) 31 October 1980.
The total cash consideration of £817,746 was received as follows:—
Up to 31 December 1979, £458,369; up to 31 October 1980, £359,377—Total £817,746.