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