asked the Minister for Finance if he will state in respect of each National Loan floated for public subscription since 1922 the amount of such loan and the amount taken up by (a) the public; (b) the commercial banks and (c) any underwriters.
Ceisteanna—Questions. Oral Answers. - Loan Flotations.
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 NATIONAL LOANS
|
Loan |
Date of Issue |
Amount of Issue |
Allotments to |
|||
|
Public |
Commercial Banks* |
Departmental Funds |
||||
|
£ |
£ |
£ |
£ |
|||
|
5% |
National Loan, 1935/45 |
December, 1923 |
10,000,000 |
10,000,000 |
— |
— |
|
5% |
Second National Loan, 1950/60 |
December, 1927 |
7,089,175 |
7,089,175 |
— |
— |
|
4½% |
Third National Loan |
May, 1930 |
6,000,000 |
4,428,500 |
1,041,500 |
530,000 |
|
3½% |
Fourth National Loan, 1950/70 |
December,1933 |
6,000,000 |
2,412,000 |
2,394,000 |
1,194,000 |
|
4% |
Conversion Loan, 1950/70 |
November, 1935 |
7,000,000 |
7,000,000 |
— |
— |
|
3¾% |
Financial Agreement Loan, 1953/58 |
May, 1938 |
10,000,000 |
8,604,000 |
396,000 |
1,000,000 |
|
4% |
Exchequer Bonds, 1950/60 |
December, 1939 |
7,000,000 |
4,053,080 |
2,176,130 |
770,790 |
|
3¼% |
National Security Loan, 1956/61 |
November, 1941 |
8,000,000 |
7,319,080 |
† |
680,920 |
|
3% |
Exchequer Bonds, 1965/70 (1st issue) |
March, 1948 |
12,000,000 |
11,715,950 |
† |
284,050 |
|
3% |
Exchequer Bonds, 1965/70 (2nd issue) |
March, 1949 |
12,000,000 |
7,697,340 |
† |
4,302,660 |
|
3½% |
Exchequer Bonds, 1965/70 |
September, 1950 |
15,000,000 |
10,096,500 |
3,269,030 |
1,634,470 |
*The allotments to the commercial banks, with the exception of £500,000 of the Fourth National Loan were, in respect of underwriting arrangements.
†By arrangement with the commercial banks none of them subscribed to these issues.