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Dáil Éireann díospóireacht -
Thursday, 27 Mar 1969

Vol. 239 No. 8

Written Answers. - State and Semi-State Borrowing.

94.

asked the Minister for Transport and Power the total amount borrowed by State and semi-State bodies under the aegis of his Department during the period 1st March, 1957 to the latest date for which figures are available.

Following is the information requested:—

TOTAL AMOUNT BORROWED BY STATE COMPANIES (BY SOURCE) AND TOTAL AMOUNT REPAID DURING THE PERIOD 1ST APRIL, 1956 TO 31ST MARCH, 1968.

State Company

Total Amount borrowed 1/4/1956-31/3/1968 (By source)

Total Repayments 1/4/1956-31/3/1968 (by source)

Amount outstanding at 31/3/1968.

1. Irish Shipping Limited

£3,078,000

—Banks

£3,000,000

£78,000

2. British & Irish Steam Packet Company Limited (i)

£3,742,550

—Banks including other commercial sources

£92,736

£3,649,814

£1,921,000

—Shipping Finance

nil

£1,921,000

————

£5,663,550

3. Córas Iompair Éireann (ii)

£6,000,000

—Exchequer

£5,000,000

—Transport Stock Issue

400,000

—Banks

£11,400,000

nil

£11,400,000

————

4. Óstlanna Iompair Éireann (iii)

£989,795

—Córas Iompair Éireann

nil

nil

5. Aer Lingus Teo (iv)

£2,000,000

—Insurance companies

£27,000

£1,973,000

£7,800,000

—Banks including other commercial sources

£684,000

£7,116,000

————

£9,800,000

6. Aerlínte Éireann Teo.

£5,059,000

—Banks

£1,681,000

£3,378,000

240,000

—Aer Lingus Teo.

nil

£240,000

————

£3,870,000

7. Aer Rianta Teo.

nil

nil

nil

8. Bord Fáilte Éireann

nil

nil

nil

9. Bord na Móna

£15,217,000

—Exchequer

£3,001,918

£12,215,082

£2,000,000

—Bord na Móna 6% stock 1984/89

£164,675

£1,835,325

£106,000

—Bord na Móna Superannuation Funds

nil

£106,000

£850,000

—Insurance company and other commercial sources.

£401,630

£448,370

————

£18,173,000

10. Electricity Supply Board

£10,700,000

—Exchequer

£7,947,575

£2,752,425

£52,867,319

—ESB Stocks

£6,631,965

£46,235,354

£500,000

—Insurance Company

£62,910

£437,090

————

£64,067,319

NOTES (i) The British & Irish Steam Packet Co. Ltd. was established in March, 1965. The period covered is 1st April, 1965 to 26th March, 1969.

(ii) The period covered in the case of Córas Iompair Éireann is 1st April, 1957 to 28th February, 1969.

(iii) Óstlanna Iompair Éireann was established in 1962. The assets taken over by OIE from CIE (hotel property) were made subject to lo account which at 31st March 1968 stood at £989,795. In addition the Company avails itself of seasonal bank overdrafts which at 31st March, 1968 stood at £112,766.

(iv) The total sum of £9,800,000 borrowed by Aer Lingus includes £866,000 subsequently re-lent by the Company.

95.

asked the Minister for Posts and Telegraphs the total amount borrowed by State and semi-State bodies under the aegis of his Department during the period 1st March, 1957 to the latest date for which figures are available.

Radio Telefís Éireann, which was established on 1st June, 1960, is the only such body under my jurisdiction. The total amount borrowed up to 31st March, 1968 was £2,100,000 including cash advances amounting to £1,851,000 and property valued at £249,000.

96.

asked the Minister for Agriculture and Fisheries the total amount borrowed by State and semi-State bodies under the aegis of his Department during the period 1st March, 1957, to the latest date for which figures are available.

The following table shows the amount of borrowings outstanding at the close of the accounting year for each body concerned.

State body

31/12/57

31/12/58

31/12/59

31/12/60

31/12/61

31/12/62

31/12/63

31/12/64

31/12/65

31/12/66

31/12/67

31/12/68

£

£

£

£

£

£

£

£

£

£

£

1. Colucht Groighe Náisiúnta

Nil

Nil

Nil

Nil

Nil

Nil

Nil

Nil

Nil

12,277

9,105

n.a.

2. Bord na gCon (Established 11/7/58)

3,661

Nil

Nil

Nil

Nil

2,606

18,394

Nil

3,058

Nil

*n.a.

3. Dublin District Milk Board

Nil

Nil

32,750

47,321

35,611

13,923

418

2,057

12,385

23,967

Nil

9,640

4. Cork District Milk Board

Nil

Nil

500

909

1,280

1,942

2,361

2,618

1,928

3,251

2,847

4,960

5. Dairy Disposal Co. Ltd. & Associated Companies

1,461,169

1,457,215

1,920,795

2,134,775

2,303,499

2,323,522

2,188,192

2,457,481

2,520,909

2,695,287

2,625,391

2,854,392

6. Pigs & Bacon Commission (Established 1/8/61)

212,723

223,634

Nil

Nil

293,717

99,915

54,818

*n.a.

7. Salmon Research Trust of Ireland Incorporated

Nil

3,000

6,000

7,056

8,256

8,256

8,256

8,256

7,056

7,141

7,226

6,311

8. Inland Fisheries Trust Incorporated

2,086

3,401

12,482

10,210

11,315

26,035

15,301

4,263

3,926

Nil

197

Nil

31/3/57

31/3/58

31/3/59

31/3/60

31/3/61

31/3/62

31/3/63

31/3/64

31/3/65

31/3/66

31/3/67

31/3/68

9. Bord Bainne (Established 17/5/61)

2,477,699

3,517,265

803,508

1,640,663

436,555

824,915

5,493,907

10. Bord Iascaigh Mhara

782,442

1,094,753

1,234,500

1,390,551

1,461,849

1,331,820

1,402,568

1,359,413

1,473,322

1,632,090

1,660,207

1,786,238

31/8/57

31/8/58

31/8/59

31/8/60

31/8/61

31/8/62

31/8/63

31/8/64

31/8/65

31/8/66

31/8/67

31/8/68

11. An Bord Gráin (Established 29/7/1958)

243,125

39,634

1,704,130

27,243

626,709

372,287

32,128

412,134

1,083,363

Nil

* Not available

97.

asked the Minister for Local Government the total amount borrowed by State and semi-State bodies under the aegis of his Department during the period 1st March, 1957, to the latest date for which figures are available.

National Building Agency Total amount borrowed

£1,791,000

An Foras Forbartha Total amount borrowed

£Nil

98.

asked the Minister for Justice the total amount borrowed by State and semi-State bodies under the aegis of his Department during the period 1st March, 1957, to the latest date for which figures are available.

The answer is that there are no bodies of the kind envisaged in the question under the aegis of my Department.

99.

asked the Minister for Defence the total amount borrowed by State and semi-State bodies under the aegis of his Department during the period 1st March, 1957, to the latest date for which figures are available.

The answer is "nil".

100.

asked the Minister for Labour the total amount borrowed by State and semi-State bodies under the aegis of his Department during the period 1st March, 1957, to the latest date for which figures are available.

The answer is none.

101.

asked the Minister for Finance the total amount borrowed by State and semi-State bodies under the aegis of his Department during the period 1st March, 1957, to the latest date for which figures are available.

The following is the information requested:—

Borrowing (excluding issued share capital) by the semi-State bodies under the aegis of the Minister for Finance.

Body

Period*

Net amount borrowed during period

From Exchequer

From other sources

Total

£

£

£

Agricultural Credit Corporation Limited

1/5/1957 to 30/4/1968

6,550,000

5,495,000

12,045,000

Central Bank of Ireland

1/4/1957 to 31/3/1968

NIL

NIL

NIL

Comhlucht Siúicre Éireann Teo Group

1/5/1957 to 30/4/1968

1,000,000

5,660,000

6,660,000

Industrial Credit Company Limited

1/11/1957 to 31/10/1968

4,485,000

2,181,000

6,666,000

Irish Life Assurance Company Limited

1/1/1958 to 31/12/1968

NIL

1,250,000

1,250,000

The Racing Board

1/1/1958 to 31/12/1968

NIL

NIL

NIL

Taiscí Stáit Teo.

21/2/1964 (date of incor- poration to 31/3/1968

1,325,000

NIL

1,325000

* Corresponding to published balance sheets—the years of account of the bodies vary.

102.

asked the Minister for Education the total amount borrowed by the State and semi-State bodies under the aegis of his Department during the period 1st March, 1957 to the latest date for which figures are available.

There are no semi-State bodies functioning under the aegis of this Department. The Department itself did not engage in any borrowing during the period in question.

103.

asked the Minister for Social Welfare the total amount borrowed by State and semi-State bodies under the aegis of his Department during the period 1st March, 1957 to the latest date for which figures are available.

£55,000, a mortgage loan obtained by the Board for the Employment of the Blind in 1966.

104.

asked the Minister for Industry and Commerce the total amount borrowed by State and semi-State bodies under the aegis of his Department during the period 1st March, 1957 to the latest date for which figures are available.

The total amount borrowed by State and semi-State bodies under the aegis of my Department during the period in question was £11,585,199 11s. Of this sum, £8,969,207 represents repayable advances from the Exchequer.

105.

asked the Minister for Health the total amount borrowed by State and semi-State bodies under the aegis of his Department during the period 1st March, 1957 to the latest date for which figures are available.

As stated in my replies to similar questions on earlier occasions, the latest being the 4th February, 1969, the bodies with which I am concerned receive support in the form of grant from my Department and, except by way of temporary bank overdraft, the question of borrowing does not arise.

106.

asked the Minister for Lands the total amount borrowed by State and semi-State bodies under the aegis of his Department during the period 1st March, 1957 to the latest date for which figures are available.

There are no such bodies under the aegis of the Department of Lands.

107.

asked the Minister for the Gaeltacht the total amount borrowed by State and semi-State bodies under the aegis of his Department during the period 1st March, 1957, to the latest date for which figures are available.

Is mar seo a leanas atá sonraí na n-iasacht, gan ró-tharraingtí bainc a áireamh:

Gaeltarra Éireann: Anuas go dtí 1 Márta, 1969, bhí iomlán £515,000 faighte mar airleacain as an bPríomhChiste gan iad a bheith inaisíoctha go dtí cibé dáta a chinnfidh an tAire Airgeadais tar éis dó dul i gcomhairle liomsa.

Arramara Teoranta: Anuas go dtí 30 Meán Fómhair, 1968, bhí iomlán £14,800 faighte ar iasacht agus £8,303 de sin gan bheith aisíoctha.

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