asked the Taoiseach if he will state the items included under "Other capital transactions" totalling £17,700,000 in Table 1 of the Appendix to Economic Statistics issued prior to the Budget; and if he will give details of each separate item.
2.
Ceisteanna—Questions. Oral Answers. - Capital Transactions.
1.
asked the Taoiseach if he will give details of the "Other capital transactions" of £17,700,000 referred to in Table 1 of the Appendix to Economic Statistics.
I propose, with the permission of the Leas-Cheann Comhairle, to take questions Nos. 1 and 2 together and to circulate with the Official Report a statement giving the details requested in the form set out in the Balance of International Payments Statement.
Following is the statement:—
DETAILS of Other capital transactions of £17,700,000 in Table I of the appendix to Economic Statistics.
|
Category |
Credit |
Debit |
|
£000 |
||
|
Purchases and sales of securities by private holders through Irish stockbrokers and banks |
10,613 |
10,962 |
|
Movements arising out of capital issues by companies: |
||
|
(a) Public issues |
290 |
— |
|
(b) Private issues |
3,311 |
— |
|
Net capital payments in respect of life insurance |
— |
980 |
|
Withdrawals from the British Post Office Savings Bank |
481 |
— |
|
Encashment of British Savings Certificates |
48 |
— |
|
Other capital transactions |
18,180 |
3,220 |
Can the Parliamentary Secretary tell me how many items that deals with and what proportion at the end is left unaccounted for? What is the amount not accounted for?
There are £18,180,000 credit and £3,220,000 debit.
What is the balance unaccounted for?
£14,960,000.
Surely it is possible to identify, out of the £17.7 million, more than £1.9 million? I think there must be something wrong in the figure.
This question is a repetition of a question put down in 1956 and 1957. There are elements of a confidential nature under the heading of "Other capital transactions" that cannot be revealed without giving information of a confidential character.
Do they make up £14 million?
No.
What is the amount that the Statistics Office know but cannot reveal because it is confidential and what is the amount that is unaccounted for?
I suggest to the Deputy to wait until the document is circulated.
I was trying to save the Taoiseach the trouble of coming in on the Adjournment.
That does not save trouble, really.