asked the Minister for Finance the amounts issued out of the Capital Fund by way of (a) advances and (b) other payments from its inception to date, the persons to whom such advances were made, the rate of interest charged, the terms of repayment of such advances, and the reasons such payments (other than advances) were made.
Ceisteanna—Questions. Oral Answers. - Payments Out of Capital Fund.
12.
As the reply is in the form of a tabular statement, I propose, with the permission of the Ceann Comhairle, to have it circulated with the Official Report.
Following is the statement:—
ADVANCES and other payments out of the Capital Fund since its inception to 27th March, 1962
(a) Advances
|
Amounts |
Rate of Interest |
Terms of Repayment |
|
|
£ |
|||
|
Electricity Supply Board |
1,600,000 |
5¼% |
Repayable by annuities over 50 years |
|
3,550,000 |
5¾% |
||
|
650,000 |
6¼% |
||
|
5,800,000 |
|||
|
Bord na Móna. |
6,000 |
6¼% |
Repayable by annuity over 35 years |
|
50,000 |
5¼% |
Interest being received. Terms of repayment not yet fixed |
|
|
465,000 |
5½% |
||
|
992,000 |
5¾% |
||
|
932,000 |
6¼% |
||
|
2,445,000 |
(b) Other Payments
|
Amount |
Reason for Payment |
|
|
£ |
||
|
Irish Shipping Ltd. |
1,068,400 |
To take up shares in the company. Payment out of Capital Fund was made in accordance with section 4 (4) of the Central Fund Act, 1956. |
|
Abbey Theatre Ltd. |
18,104 |
Payment made in accordance with section 2 (2) of Funds of Suitors Act, 1959, towards the rebuilding of the Abbey Theatre, Dublin. |