Vol. 405 No. 4
69 Mr. Yates asked the Minister for the Marine the total Exchequer cost/losses involved in Irish Shipping from 1941 to 1984; if the Statute of Limitations applies to any claims arising out of the liquidation of Irish Shipping; and if so, the duration of this time limit.
The total share capital issued at the time of the liquidation of Irish Shipping Limited amounted to £16.347 million. This represents the cumulative equity invested in the company by the shareholder, in this case the Minister for Finance on behalf of the State. For further details of the periodic increases in issued share capital in the years mentioned by the Deputy, I would refer him to the Joint Committee on Commercial State-Sponsored Bodies (Pl. 3091), Chapter V. If the Deputy wishes to gain a more precise picture of the company's profits and losses during the period referred to in his question, he might wish to examine the annual accounts of the company which are also available in the Dáil Library.
