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Dáil Éireann díospóireacht -
Tuesday, 14 Mar 1967

Vol. 227 No. 4

Ceisteanna—Questions. Oral Answers. - Ceimicí Teoranta.

46.

asked the Minister for Industry and Commerce why, in respect of £389,420 employed in Ceimicí Teoranta, no interest was paid in the last financial year.

As I indicated in my reply to a question by the Deputy on 23rd February, 1967, State investment in Ceimicí Teoranta is by way of cash for ordinary shares on which a dividend is paid. The dividend for the year ended 30th September, 1966, after payment of tax, was £16,526. During the company's year ended 30-9-66, the company had no loan finance and accordingly no interest was payable.

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