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Dáil Éireann díospóireacht -
Wednesday, 29 Oct 1941

Vol. 85 No. 1

Ceisteanna—Questions. Oral Answers. - Government Departments' Investments.

asked the Minister for Finance if he will state the names of the several investment funds directly or indirectly under the control of his Department and the amount of each such fund; the amount of each such fund invested in foreign securities and the nature of such securities; the nominal value of such securities and their market value reckoned at the price at which they were quoted at March 31st (or the nearest date for which the information is available) in each of the years 1939, 1940 and 1941.

I am circulating with the Official Report a statement giving the particulars requested by the Deputy.

The following is the statement:—

STATEMENT SHOWING PARTICULARS OF INVESTMENT FUNDS UNDER THE CONTROL OF THE MINISTER FOR FINANCE.

NAME OF FUND

At 31st March, 1939

At 31st March, 1940

At 31st March, 1941

Amount of Fund

Foreign Securities at Cost

Amount of Fund

Foreign Securities at Cost

Amount of Fund

Foreign Securities at Cost

£

£

£

£

£

£

Savings Bank Fund

10,736,395

5,634,809

11,881,551

5,939,239

13,408,366

3,771,685

National Health Insurance Fund

2,642,494

1,694,686

2,796,199

1,513,854

3,013,711

1,305,522

National Health Insurance Central Fund

275,786

207,789

329,346

249,625

368,436

275,568

Approved Societes (Officers) Guarantee Fund

9,013

5,895

8,979

5,895

9,398

5,895

Savings Certificates (Interest Charge Equalisation) Fund

3,090,451

2,960,595

3,289,076

3,171,089

3,428,581

2,427,129

Pensions Investment Account

1,656,333

342,283

2,960,962

342,283

2,430,745

342,283

Unemployment Fund Investment Account

235,832

305,533

238,059

Woods and Forests Fund

376,083

77,776

402,223

77,776

425,395

77,776

Teachers' Pension Fund

1,569,184

701,195

1,569,184

701,195

1,569,184

701,195

Land Registry Insurance Fund

41,711

3,359

43,526

3,359

45,428

3,359

Sanatoria Fund

19,649

14,486

20,407

14,486

21,181

14,486

Escheated Estates Fund

61,824

65,093

65,216

Secondary Teachers Pension Fund

Land Bond Fund

215,226

258,487

312,405

National Loans Sinking Funds

119,523

19,830

146,541

19,830

378,705

Held by the Irish Land Commission:

Surplus Receipts—Rent and Interest Account

430,300

405,300

448,250

233,250

448,250

233,250

Church Temporalities Fund

2,278,474

1,258,724

2,299,299

1,258,724

2,309,106

1,258,724

TOTAL

23,758,278

13,326,727

25,924,656

13,530,605

28,472,166

10,416,872

Nominal value of foreign securities

14,764,004

14,729,004

11,651,004

Market value of such securities

13,033,023

13,620,901

11,215,159

Holdings of foreign securities on each of the dates mentioned consisted exclusively of British Government securities.

asked the Minister for Finance if he will state in respect of each Department of State other than the Department of Finance the total moneys under their control and invested: the sum in each case invested in foreign securities and the nature of such securities; the nominal value of the securities and their market value reckoned at the price at which they were quoted at March 31st (or the nearest date for which the information is available) in each of the years 1939, 1940 and 1941.

For the available particulars as at the 31st March, 1939, I would refer the Deputy to my reply to a similar question by him on the 22nd November, 1939. I am circulating with the Official Report a statement giving the corresponding particulars as at the 31st March, 1940, and the same date in 1941.

The following is the statement:—

STATEMENT SHOWING THE NOMINAL VALUE OF IRISH GOVERNMENT AND BRITISH GOVERNMENT SECURITIES HELD FOR DEPARTMENTS OF STATE OTHER THAN THE DEPARTMENT OF FINANCE AS ON 31ST MARCH, 1940 AND 31st MARCH, 1941.

31ST MARCH, 1940

31ST MARCH, 1941

Irish Government Securities

British Government Securities

Irish Government Securities

British Government Securities

£

£

£

£

Irish Land Commission (other than Church Temporalities Account and Rent and Interest Account: Surplus Receipts)

3,432,512

171,478

2,877,782

158,247

Public Trustee

455,969

163,987

466,235

159,897

Supreme Court and High Court of Justice

2,690,369

2,175,182

2,863,064

2,615,340

High Court of Justice in Bankruptcy

15,000

Circuit Courts

256,110

47,282

237,172

38,259

Commissioners of Charitable Donations and Bequests

822,309

257,930

834,664

260,707

Department of Local Government and Public Health

186,530

186,527

Department of Education

108,568

2,815

113,562

2,815

National Gallery

3,777

24,910

27,482

89

Office of Public Works

12,032

12,032

Department of Agriculture

10,000

10,000

TOTAL

£7,978,176

2,843,584

7,643,520

3,235,354

The market value of the British Government Securities on 31st March, 1940, was £2,695,994 and on 31st March, 1941, £3,276,797.

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