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Dáil Éireann díospóireacht -
Tuesday, 15 Apr 1969

Vol. 239 No. 9

Written Answers. - Indebtedness of State and Semi-State Bodies.

94.

asked the Minister for Justice the total amount of debt due by all State or semi-State bodies, and other boards or bodies under the aegis of his Department on 31st March, 1969; and the cost of servicing it.

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

95.

asked the Minister for Defence the total amount of debt due by all State or semi-State bodies, and other boards or bodies under the aegis of his Department on 31st March, 1969; and the cost of servicing it.

The answer to both parts of the question is "nil".

96.

asked the Minister for Labour the total amount of debt due by all State or semi-State bodies and other boards or bodies under the aegis of his Department on 31st March, 1969; and the cost of servicing it.

asked the Minister for Finance the total amount of debt due by all State or semi-State bodies and other boards or bodies under the aegis of his Department on 31st March, 1969, and the cost of servicing it.

Following is the information in so far as it is available:—

DEBT, INCLUDING SHARE CAPITAL, OF THE SEMI-STATE BODIES UNDER THE CONTROL OF THE MINISTER FOR FINANCE AT THE LATEST AVAILABLE DATE AND COST OF SERVICING DEBT DURING THE PREVIOUS YEAR

(The only body with debt which ends its financial year on 31st March is Taiscí Stáit Teoranta for which figures are given as at 31st March, 1969. In the case of the remaining bodies the information is based on the most recent published accounts. There is no debt in the case of the Central Bank of Ireland and the Racing Board.)

Total Debt (including share capital)

Body

Latest available date (a)

Paid-up share capital

Other Debt

Total

Cost of servicing debt during previous year

Held by Exchequer

Held otherwise

Raised from Exchequer

Raised otherwise

Exchequer

Other

Payable to Exchequer

Payable otherwise

Total

£

£

£

£

£

£

£

£

£

Agricultural Credit Corporation Ltd.

30/4/1968

5,598,000

6,550,000

7,654,312

12,148,000

7,654,312

505,120(e)

433,591

938,711

Comhlucht Siúicre Éireann Teo. Group

30/4/1968

4,499,958

500,042

1,000,000(b)

5,316,006

5,499,958

5,816,0

74,531(f)

202,827(g)

277,358

Industrial Credit Co. Ltd.

31/10/1968

8,829,363

637

4,484,671(c)

2,362,557

13,314,034

2,363,194

344,748

147,431

492,179

Irish Life Assurance Co. Ltd.

31/12/1967

90,253

9,747

1,250,000

90,253

1,259,747

23,466(f)

40,156(h)

63,622

Taiscí Stáit Teo.

31/3/1969

100

3,839,456(d)

3,839,556

TOTALS

19,017,674

510,426

15,874,127

16,582,875

34,891,801

17,093,301

947,865

824,005

1,771,870

(a) The accounting years vary.

(b) The terms as to interest and repayment have not yet been determined by the Minister for Finance; this sum has been invested in the food pr cessing project which is still at the development stage.

(c) By arrangement with the Minister for Finance interest was not payable on £493,754 of these advances which has been used for special re-equipment loans in lieu of adaptation grants. The re-equipment loans are interest-free for five years.

(d) The terms as to interest and repayment have not yet been determined by the Minister for Finance.

(e) Includes £123,675 dividend paid net of tax.

(f) Represents dividend paid net of tax.

(g) Includes £19,875 dividend on Preference shares paid net of tax.

(h) Includes £2,534 dividend paid net of tax.

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