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.
Written Answers. - State and Semi-State Borrowing.
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.