asked the Minister for Finance if he will give details of the Government financial guarantees currently outstanding.
Written Answers. - Government Financial Guarantees.
328.
I assume that the Deputy has in mind borrowings guaranteed by the Government under various statutory powers. Details of such borrowings, amounting to £1,564 million, outstanding at the 31 December 1980 — the latest date available — are set out in the attached tabular statement.
GUARANTEED LOANS
|
Nature of Loan |
Amount Outstanding at 31st December 1980 |
Remarks |
|
£ |
||
|
Land Bonds— |
||
|
4½% Land Bonds |
13,377,241 |
Repayable by drawings in about 66 years from date of issue. Option to repay outstanding bonds exercisable after December 1962. Unapplied Sinking Fund at 31/12/80, £587,893. |
|
4½% New Land Bonds |
391,701 |
Repayable by drawings in about 66 years from date of issue. Option to repay outstanding bonds exercisable after September 1963. Unapplied Sinking Fund at 31/12/80, £5,937. |
|
4% Land Bonds |
1,095,615 |
Repayable by drawings in about 47 years from date of issue. Option to repay outstanding bonds exercisable after March 1984. Unapplied Sinking Fund at 31/12/80, £90,460. |
|
3½% Land Bonds |
182,992 |
Repayable by drawings in about 39 years from date of issue. Option to repay outstanding bonds exercisable after March 1984. Unapplied Sinking Fund at 31/12/80, £11,642. |
|
3% Land Bonds |
17,128 |
Repayable by drawings in about 34 years from date of issue. Option to repay outstanding bonds exercisable after March 1984. Unapplied Sinking Fund at 31/12/80, £4,112. |
|
4¾% Land Bonds |
1,128,214 |
Repayable by drawings in about 64 years from date of issue. Option to repay outstanding bonds exercisable after March 1984. Unapplied Sinking Fund at 31/12/80, £8,379. |
|
5% Land Bonds |
426,187 |
Repayable by drawings in about 63 years from date of issue. Option to repay outstanding bonds exercisable after March 1984. Unapplied Sinking Fund at 31/12/80, £2,564. |
|
5¾% Land Bonds |
405,098 |
Repayable by drawings in about 56 years from date of issue. Option to repay outstanding bonds exercisable after March 1984. Unapplied Sinking Fund at 31/12/80, £2,287. |
|
6% Land Bonds |
4,750,922 |
Repayable by drawings in about 54 years from date of issue. Option to repay outstanding bonds exercisable after March 1984. Unapplied Sinking Fund at 31/12/80, £26,586. |
|
5½% Land Bonds |
706,753 |
Repayable by drawings in about 58 years from date of issue. Option to repay outstanding bonds exercisable after March 1984. Unapplied Sinking Fund at 31/12/80, £4,959. |
|
7% Land Bonds |
1,126,549 |
Repayable by drawings in about 50 years from date of issue. Option to repay outstanding bonds exercisable after March 1984. Unapplied Sinking Fund at 31/12/80, £10,021. |
|
7½% Land Bonds |
2,526,868 |
Repayable by drawings in about 48 years from date of issue. Option to repay outstanding bonds exercisable after March 1984. Unapplied Sinking Fund at 31/12/80, £30,528. |
|
8% Land Bonds |
811,934 |
Repayable by drawings in about 45 years from date of |
|
issue. Option to repay outstanding bonds exercisable |
||
|
after March 1984. Unapplied Sinking Fund at |
||
|
31/12/80, £14,976. |
||
|
9½% Land Bonds |
1,403,182 |
Repayable by drawings in about 40 years from date of issue. Option to repay outstanding bonds exercisable after March 1984. Unapplied Sinking Fund at 31/12/80, £50,166. |
|
9¾% Land Bonds |
4,157,778 |
Repayable by drawings in about 39 years from date of issue. Option to repay outstanding bonds exercisable after March 1984. Unapplied Sinking Fund at 31/12/80, £50,612. |
|
12½% Land Bonds |
6,400,234 |
Repayable by drawings in about 33 years from date of issue. Option to repay outstanding bonds exercisable after March 1984. Unapplied Sinking Fund at 31/12/80, £170,562. |
|
15% Land Bonds |
6,150,543 |
Repayable by drawings in about 29 years from date of issue. Option to repay outstanding bonds exercisable after March 1984. Unapplied Sinking Fund at 31/12/80, £160,895. |
|
16% Land Bonds |
4,833,142 |
Repayable by drawings in about 27 years from date of issue. Option to repay outstanding bonds exercisable after March 1984. Unapplied Sinking Fund at 31/12/80, £215,030. |
|
14¾% Land Bonds |
10,064,233 |
Repayable by drawings in about 29 years from date of issue. Option to repay outstanding bonds exercisable after March 1984. Unapplied Sinking Fund at 31/12/80, £328,969. |
|
13¾% Land Bonds |
8,323,989 |
Repayable by drawings in about 30 years from date of issue. Option to repay outstanding bonds exercisable after March 1984. Unapplied Sinking Fund at 31/12/80, £26,795. |
|
16½% Land Bonds |
7,669,679 |
Repayable by drawings in about 27 years from date of issue. Option to repay outstanding bonds exercisable after March 1984. Unapplied Sinking Fund at 31/12/80, £1,428. |
|
Local Loans— Advances out of Government Funds |
4,828,000 |
Represents the outstanding balance of moneys advanced to the Local Loans Fund under section 5 of Act No. 16 of 1935. |
|
Trade Loans |
23,390 |
Represents the outstanding amount of loans guaranteed under the provisions of the Trade Loans (Guarantee) Acts. |
|
Tourist Traffic Act, 1952 |
3,562,161 |
Represents the outstanding amount of loans guaranteed under the provisions of the Tourist Traffic Act, 1952. |
|
Insurance Act, 1953 |
68,103,873 |
Outstanding liability under section 2 of Insurance Act, 1953. |
|
Agriculatural Credit Act, 1978 (Section 15) |
2,148,630 |
Outstanding liability. |
|
Agricultural Credit Corporation Ltd:— Deposit Accounts |
312,968,795 |
Capital raised by the corporation for its statutory purposes. |
|
Other Loans: |
||
|
External |
150,303,597 |
Capital raised by the corporation for its statutory purposes. |
|
Bord Gáis Éireann:— |
Capital raised by the board for its statutory purposes. |
|
|
Loans: |
||
|
Internal |
15,168,000 |
|
|
External |
7,197,083 |
|
|
Industrial Credit Co. Ltd.:— |
Capital raised by the company for its statutory purposes. |
|
|
Deposit Accounts |
68,666,000 |
|
|
Other Loans:— |
||
|
Internal |
1,000,000 |
|
|
External |
88,359,670 |
|
|
Cork Opera House Co. Ltd.:— |
Represents the outstanding balance of loan guaranteed under the State Guarantees Act, 1954. |
|
|
Loan |
37,900 |
|
|
An Bord Bainne Co-op. Ltd.:— |
Represents the outstanding balance of loans guaranteed under the Dairy Produce (Miscellaneous Provisions) Acts, 1973 and 1979. |
|
|
Loans: |
||
|
Internal |
9,036,000 |
|
|
External |
2,772,960 |
|
|
Córas Iompair Éireann:— |
Capital raised by the company for its statutory purposes. Unapplied Sinking Fund, £1,182,200. |
|
|
3% Transport Stock, 1975/85 |
2,332,260 |
|
|
6% Transport Stock, 1977/82 |
758,477 |
Unapplied Sinking Fund at 31/12/80, £1,241,523. |
|
Other Loans:— |
||
|
Internal |
6,605,000 |
Financing of a railway modernisation programme. |
|
External |
7,322,129 |
|
|
Bord na Móna:— 6% Stock 1984/89 |
927,114 |
Unapplied Sinking Fund at 31/12/80, £497,157. |
|
Other Loans: |
||
|
External |
26,859,343 |
Unapplied Sinking Fund at 31/12/80, £55,010. |
|
Nítrigin Éireann Teo:— |
Capital raised by the company for its statutory purposes. |
|
|
Loans: |
||
|
Internal |
43,552,816 |
|
|
External |
64,730,897 |
|
|
Church of Ireland Training College:— |
Represents the outstanding balance of loan guaranteed under the State Guarantees Act, 1954. |
|
|
Loan |
156,750 |
|
|
Aer Lingus Teo:— |
Capital raised by the company for its statutory purposes. |
|
|
8¼% Eurobond Issue 1981 |
||
|
External |
4,216,074 |
|
|
Other Loans:— |
||
|
Internal |
2,500,550 |
Capital raised by the company for its statutory purposes. |
|
External |
5,840,196 |
Capital raised by the company for its statutory purposes. |
|
Aerlinte Éireann Teo:— |
Capital raised by the company for its statutory purposes. |
|
|
10½% Sterling Debenture issue 1996 (External) |
6,284,565 |
|
|
Other Loans: |
||
|
External |
17,848,165 |
Capital raised by the company for its statutory purposes. |
|
Irish Steel Holdings Ltd.:— |
Capital raised by the company for its statutory purposes. |
|
|
Loans: |
||
|
Internal |
24,450,000 |
Unapplied Sinking Fund at 31/12/80, £155,287. |
|
External |
23,122,996 |
|
|
B & I Steampacket Co. Ltd.:— |
Capital raised by the company for its statutory purposes. |
|
|
Loans: |
||
|
Internal |
2,400,000 |
|
|
External |
7,500,000 |
|
|
Ostlanna Iompar Éireann Teo. |
Unapplied Sinking Fund at 31/12/80, £50,000. |
|
|
Loan External |
2,500,000 |
|
|
National Building Agency Ltd.:— |
Capital raised by the agency for its statutory purposes. |
|
|
Loan (External) |
392,656 |
|
|
Electricity Supply Board |
Capital raised by the board for its statutory purposes. |
|
|
6% Development Stock, 1982/87 |
3,939,549 |
Unapplied Sinking Fund at 31/12/80, £656,647. |
|
6% Stock, 1984/89 |
6,115,401 |
Unapplied Sinking Fund at 31/12/80, £787,469. |
|
7% Stock, 1986/91 |
7,350,130 |
Unapplied Sinking Fund at 31/12/80, £126,122. |
|
7¼% Stock, 1988/93 |
4,609,306 |
Unapplied Sinking Fund at 31/12/80, £248,103. |
|
9% Stock, 1992/95 |
8,581,225 |
Unapplied Sinking Fund at 31/12/80, £560,100. |
|
9% Premium Stock, 1983 |
6,857,426 |
Unapplied Sinking Fund at 31/12/80, £239,902. |
|
9% Premium Stock, 1984 |
5,484,107 |
Unapplied Sinking Fund at 31/12/80, £2,140. |
|
9½% Stock, 1985/90 |
7,372,102 |
Unapplied Sinking Fund at 31/12/80, £351,930. |
|
9½% Premium Stock, 1981 |
4,716,586 |
Unapplied Sinking Fund at 31/12/80, £117,000. |
|
12% Premium Stock, 1985 |
16,049,495 |
Unapplied Sinking Fund at 31/12/80, Nil. |
|
13% Stock, 1983/85 |
9,179,612 |
Unapplied Sinking Fund at 31/12/80, £508,847. |
|
13% Stock, 1988 |
14,524,978 |
Unapplied Sinking Fund at 31/12/80, £611,072. |
|
13% Stock, 1990/92 |
11,900,000 |
Unapplied Sinking Fund at 31/12/80, £316,296. |
|
Other Loans: |
||
|
Internal |
40,423,102 |
|
|
External |
356,948,490 |
|
|
Total |
1,564,477,538 |