asked the Minister for Transport and Power if he will give particulars to bring up to date the information in relation to the Tourist Traffic Act guaranteed loans set out in the reply to Question No. 38 of 9th April 1964.
Written Answers. - Tourist Traffic Loans.
81.
The information sought is as follows:—
PARTICULARS OF LOANS GUARANTEED BY THE MINISTER UNDER THE TOURIST TRAFFIC ACT, 1952.
STATEMENT IN ACCORDANCE WITH SECTION 24 (1) OF THE ACT.
|
Year |
Name |
Amount of Loan Guaranteed |
Whether Principal or Interest or both Guaranteed |
Purpose of Loan |
Rate of Interest |
Period of Repayment |
|
1964-65 |
Mrs. Irene Quinn, Ballymascanlon House, Dundalk. |
£21,291 |
Both |
Reconstruction of four existing bedrooms to form four bed/bath units; reconstruction and extension of existing kitchen, women's new cloakroom and toilets; extension of dispense bar; provision of new all-purpose room with ante-room; two telephone booths and chair store. |
3½% |
15 years |
|
Irish River Floatels Ltd., Athlone, County Westmeath. |
£6,000 |
Both |
Provision of one 12-berth luxury motor cruiser. |
4½% |
20 years |
|
|
Shannon Cruisers Ltd., Cootehall, County Roscommon. |
£7,000 |
Both |
Provision of three 4-berth cruisers and one maintenance boat. |
4½% |
20 years |
|
|
Lahinch Development Association Ltd., Lahinch, County Clare. |
£42,550 |
Both |
Provision of an entertainment centre to include a dance hall, cinema, café, ticket office, shop and store, boiler house plant and central heating; a swimming pool, dressing rooms, toilet accommodation and services; entrance hall, sunbathing terraces, landscaping and children's pool; one tennis court, pitch and putt course and gardens; approved site works. |
3½% |
20 years |
|
|
1965-66 (to date) |
Rosapenna Hotel (1962) Ltd. |
£100,000 |
Both |
Adapting and extending existing building (known as Sheephaven Flats) to provide a hotel accommodating not less than 94 guests; furnishing and equipping the hotel (known as the Rosapenna Golf Hotel). |
6?% |
20 years |
|
£176,841 |
|
Totals of Loan Guaranteed. |
|
|
Year |
Total |
|
£ |
|
|
1964-65 |
76,841 |
|
1965-66 (to date) |
100,000 |
|
176,841 |
|
|
Loans guaranteed in period 1952-53 — 1963-64 |
2,154,872 |
|
GRAND TOTAL |
2,331,713 |
Account in accordance with Section 24 (2) of the Act.
Total of sums advanced to date out of the Central Fund for the fulfilment of guarantees —Nil.
EXPENDITURE by Bord Fáilte on Interest Grants on Guaranteed Loans.
|
Year |
Total |
|
1963-64 |
£79,082 |
|
1964-65 |
£93,137 |
|
1965-66 (to date) |
£95,000 (Provisional) |
|
Interest grants on guaranteed loans paid in period 1953-54 — 1962-63 |
£58,148 |
|
GRAND TOTAL |
£325,367 |