asked the Minister for Finance if he will state, in respect of all statutory funds under Government control (a) the total assets; (b) the amount invested in British Government stocks; (c) the amount invested in Irish Government stocks; (d) the amount, if any, invested otherwise; and (e) the amount "ready for investment" according to his statement in Dáil Éireann on March 21st (Volume 119, No. 14, column 2074).
Ceisteanna—Questions. Oral Answers. - Investment of Government Funds.
As the reply is in the form of a tabular statement, I propose, with the permission of the Ceann Comhairle, to have it included in the Official Report.
Following is the statement:—
Particulars of assets (at nominal value) of funds under Government control.
(a) Total assets—£82,019,912, at 31/3/49 (latest available date).
(b) Amount invested in British Government stocks—£49,656,503 at 31/3/49.
(c) Amount invested in Irish Government stocks—£10,377,705 at 31/3/49.
(d) Amount invested otherwise— £21,985,704 at 31/3/49, all of which is invested in Irish securities (Government and other including amounts held on deposit receipt).
(e) The amount "ready for investment" in Irish Government issues includes not only cash balances but sums temporarily invested (e.g., in Ways and Means Advances and in British Government securities). The total cash balances and Ways and Means Advances of investing accounts under the control of the Minister for Finance were £5,296,000 on 31st March, 1950.