Written Answers. - State Holdings in Non-Public Sector Companies.

64.

asked the Minister for Finance, in respect of non-public sector companies in which he holds either directly or indirectly shares or debenture stock as at 30 April 1989: (a) the names of such companies (b) the extent of State investment in such companies and (c) the amount of dividends received in respect of each such company in the years 1987 and 1989.

The Industrial Development Authority has invested in 34 companies now actively trading, on behalf of the Minister for Finance in whose name they are registered.

The Equity Shareholding in these companies is tabulated on Appendix A as follows.

Twenty five of the holdings were acquired since 1 January 1987. Dividend income is shown on Appendix B.

In addition, the Minister for Finance holds 220 shares in the National Theatre Society Ltd. No dividend has been received in respect of this company.

Appendix A

Value at Cost of

Company

Share Capital

IR£

Asahi Spinning (I) Ltd., Killala

450,000

Asahi Synthetic Fibres Ltd., Killala

1,125,000

Mitsui Denman (I) Ltd., Little Island, Cork

440,000

Elxsi Corporation, San Jose, California

892,459

Landis & Gyr Lake Ltd., Dublin 12

246,250

Premier Periclase Ltd., Drogheda

1,500,000

KME International Ltd., Dublin

210,000

Pressure Hydraulics Ltd., Carlow

26,000

Silver Hill Foods Ltd., Emyvale, Co. Monaghan

100,000

Biocon Biochemicals Ltd., Carrigaline

1,000,000

Tower Fame Ltd., Dublin

200,005

Ramville Ltd., Portumna

450,000

Mentec Ltd., Dublin 8

500,000

Lissadell Towels Ltd., Carrickmacross

1,610

Softrans International Ltd., Blackrock, Co. Dublin

54,250

Sullivan Studios (I) Ltd., Dublin 2

16,042

Berto Limited, Dublin 2

1,000,000

Rynhart Collection Ltd., Bantry

50,000

Bantry Bay Mussels Ltd., Bantry

50,000

Ovamass Ltd., Dublin 2

2,000

Kerry Group plc, Listowel

1,500,000

C Step Ltd., Dundalk

250,000

Software Manufacturing Consultants, Cork

9,126

The National Microelectronics Application Centre Ltd., Limerick

25,000

Farmdale Foods Ltd., Bantry

25,000

Graftel Systems Ltd., Dublin

250,000

O.M.I. Ltd., Dundalk

105,000

Melson Services Ltd., Dublin

1,579

Kingspan Group Ltd., Co. Cavan

799,874

Foher Engineering Ltd., Co. Kildare

2,105

Microsol Ltd., Co. Dublin

1,261

International Development Ireland Ltd., Dublin

385,000

Western Digital Ireland Ltd., Co. Cork

313,750

Hoermann Electronics Ltd., Cork

13,944

APPENDIX B

Dividend Income has been received in respect of the following companies in 1987.

Company

Dividend

Date

IR£

Mitsui Denman (Irl) Ltd.

57,200

June 1987

Biocon Biochemicals Ltd.

11,370

December 1987

Wellman International Ltd.

37,430

January 1987

Wellman International Ltd. shares were redeemed in April 1987.

No dividend has been received in 1989.