asked the Minister for Finance the currencies and amounts in which the external debts of State-sponsored bodies are repayable as of 31 March 1983 or the most recent date for which figures are available and the amount by which the recent devaluation has increased the existing debt in each of these currencies as of 31 March 1983.
Ceisteanna—Questions. Oral Answers. - State-Sponsored Bodies External Debt.
11.
The reply is in the form of a tabular statement which I propose to circulate in the Official Report. It consists of a table with 14 lines and six columns.
Foreign currency indebtedness of State-sponsored bodies outstanding at 31 December 1982 at exchange prevailing on:
|
31 Dec 1982 |
18 March 1983 |
21 March 1983 |
Increase due to realignment |
31 March 1983 |
|
|
£m |
£m |
£m |
£m |
£m |
|
|
US Dollar |
452.5 |
457.1 |
482.5 |
25.4 |
485.1 |
|
Deutschemark |
408.5 |
410.6 |
429.3 |
18.7 |
429.3 |
|
Pound Sterling |
269.0 |
251.4 |
262.1 |
10.7 |
265.2 |
|
Dutch Guilder |
209.3 |
209.3 |
218.3 |
9.0 |
215.8 |
|
Swiss France |
133.7 |
130.8 |
137.0 |
6.2 |
137.3 |
|
Japanese Yen |
71.4 |
70.6 |
74.1 |
3.5 |
75.0 |
|
French Franc |
47.3 |
46.5 |
47.0 |
0.5 |
47.0 |
|
Canadian Dollar |
31.8 |
32.3 |
34.1 |
1.8 |
34.2 |
|
Belgian Franc |
25.7 |
25.8 |
27.1 |
1.3 |
26.8 |
|
ECU |
15.3 |
15.1 |
15.7 |
0.6 |
15.7 |
|
Austrian Schilling |
1.7 |
1.7 |
1.8 |
0.1 |
1.8 |
|
Luxembourg Franc |
0.2 |
0.2 |
0.2 |
— |
0.2 |
|
Others |
2.5 |
2.4 |
2.5 |
0.1 |
2.5 |
|
1668.9 |
1653.8 |
1731.7 |
77.9 |
1735.9 |
I should like to direct the attention of the Minister to the Industrial Credit Company. Will he indicate the extra cost of their borrowing as a consequence of devaluation?
I do not have that information at my disposal.
It is one of the bodies concerned and I should have thought it would be included in that list.
The information requested concerns the currencies and amounts in which the external debts of State-sponsored bodies are repayable as at 31 March. The information supplied in the table gives an answer to that in terms of 14 different currencies and gives the figures at five different dates. It also gives the increase in each separate currency due to realignment.
It does not make any reference to any specific body.
If the Deputy wants that information, would he put down a question?
Perhaps somebody did not tot it up, but what is the total increase in the debt arising from devaluation for the amounts in the question?
£77.9 million.
A reduction of foreign borrowing.