Léim ar aghaidh chuig an bpríomhábhar
Gnáthamharc

Dáil Éireann díospóireacht -
Tuesday, 20 May 1969

Vol. 240 No. 9

Written Answers. - Borrowings by State and Semi-State Bodies.

112.

asked the Taoiseach the increase in the amount borrowed by State and semi-State bodies under the aegis of his Department between 31st March, 1956 and 31st March, 1969; and the increase in the cost of servicing this amount for the same years.

No amount was borrowed by any such body during the period concerned.

113.

asked the Minister for External Affairs the increase in the amount borrowed by State and semi-State bodies under the aegis of his Department between 31st March, 1956 and 31st March, 1969; and the increase in the cost of servicing this amount for the same years.

There is no State or semi-State body under the aegis of my Department and accordingly the Deputy's question does not arise.

114.

asked the Minister for Transport and Power the increase in the amount borrowed by State and semi-State bodies under the aegis of his Department between 31st March, 1956 and 31st March, 1969; and the increase in the cost of servicing this amount for the same years.

Following is the information requested:—

Borrowing by semi-State Companies

Name of Body

Period

Increase in borrowing during the period

Increase in annual cost of borrowing during the period

Irish Shipping Ltd.

31/3/56 to 31/3/69

Nil

Nil

B & I Steam Packet Co. Ltd.

1965 to 31/12/68 (B & I taken over in 1965)

£5,590,814

£85,611(a)

Bord Fáilte

31/3/56 to 31/3/69

Nil

Nil

Bord na Móna

31/3/56 to 31/3/68

£14,604,777

£1,293,242

ESB

31/3/56 to 31/3/68

£50,057,550

£5,055,360

CIE

31/3/56 to 31/3/68

£11,789,000

£660,000

Aer Lingus Teo.

31/3/56 to 31/3/68

£7,030,000

£444,000

Aer Rianta Teo.

31/3/56 to 31/3/68

Nil

Nil

Aer Linte Teo.

31/3/56 to 31/3/68

£3,619,000

£121,000

Ostlanna Iompair Éireann Teo.

1962 to 31/3/69

£851,063

£17,255(b)

Notes: (a) The borrowing took place during the year 1965 and the payment of interest only represents part of the year.

(b) On the formation of Ostlanna Iompair Éireann Teo. in 1962 the assets taken over from CIE, (hotel property) were made subject to a loan account from CIE. Of the increased borrowing £800,000 is due to a fluctuating overdraft on which the amount of interest payable varies.

115.

asked the Minister for Posts and Telegraphs the increase in the amount borrowed by State and semi-State bodies under the aegis of his Department between 31st March, 1956, and 31st March, 1969; and the increase in the cost of servicing this amount for the same years.

The only such body for which I have a responsibility is Radio Telefís Éireann which was established on 1st June, 1960. Property valued at £249,000 was transferred to the Authority under section 32 of the Broadcasting Authority Act, 1960 and repayable advances totalling £1,851,000 have been made under section 23 of the same Act. The total amount borrowed by the Authority is, therefore, £2,100,000. In 1967-68, the latest period for which accounts are available, the cost of servicing this debt was £113,213.

116.

asked the Minister for Agriculture and Fisheries the increase in the amount borrowed by State and semi-State bodies under the aegis of his Department between 31st March, 1956, and 31st March, 1969; and the increase in the cost of servicing this amount for the same years.

In my reply to a Parliamentary question from the Deputy on 15th May, 1968, I gave particulars of the debt outstanding and the cost of servicing it in the case of each of the State-sponsored bodies under the aegis of my Department, as at 31st March, or 31st December, 1956, and at the latest date then available.

This information was up-dated in my replies to further questions by the Deputy on the 4th February, 1969, and the 15th April, 1969, and no more recent information has since become available.

117.

asked the Minister for Local Government the increase in the amount borrowed by State and semi-State bodies under the aegis of his Department between 31st March, 1956, and 31st March, 1969; and the increase in the cost of servicing this amount for the same years.

Following is the information required:—

Total Borrowed

Annual cost of servicing this amount

£

£

1. National Building Agency:

31st March, 1964

275,000

3,125

(First year the Agency borrowed money)

31st March, 1969

1,791,000

138,847

Increase between 1964-69

1,516,000

135,722

2. An Foras Forbartha:

Nil

118.

asked the Minister for Justice the increase in the amount borrowed by State and semi-State bodies under the aegis of his Department between 31st March, 1956, and 31st March, 1969; and the increase in the cost of servicing this amount for the same years.

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

119.

asked the Minister for Defence the increase in the amount borrowed by State and semi-State bodies under the aegis of his Department between 31st March, 1956, and 31st March, 1969; and the increase in the cost of servicing this amount for the same years.

The amount borrowed by State and semi-State bodies under the aegis of my Department between the dates mentioned was "nil".

120.

asked the Minister for Labour the increase in the amount borrowed by State and semi-State bodies under the aegis of his Department between 31st March, 1956, and 31st March, 1969; and the increase in the cost of servicing this amount for the same years.

As no amount was borrowed, the answer is "none".

121.

asked the Minister for Finance the increase in the amount borrowed by State and semi-State bodies under the aegis of his Department between 31st March, 1956 and 31st March, 1969; and the increase in the cost of servicing this amount for the same years.

Following is the information requested:—

Increase in borrowing (excluding issued share capital) by the State-sponsored bodies under aegis of the Minister for Finance.

Body

Period

Increase in Borrowing

Increase in annual cost of borrowing during period

£

£

Agricultural Credit Corporation Ltd.

1/5/56 to 30/4/68

11,790,953

732,205

Comhlucht SiúicreÉireann Teo. Group

1/5/56 to 30/4/68

3,549,689

123,622

Industrial Credit Company Ltd.

1/11/56 to 31/10/68

5,979,901

449,803

Irish Life Assurance Company Ltd.

1/1/57 to 31/12/68

1,489,583

96,000

Taiscí Stáit Teoranta

21/2/64 (date of incorporation) to 31/3/69

3,839,456

(a)

Total Increases

26,649,582

1,401,630

(a) All borrowing is from the Exchequer and the interest terms have not yet been fixed by the Minister for Finance.

NOTES:

(i) The figures given above are based on published accounts; the accounting years vary and for this reason it is not possible to give figures for periods ending on 31st March.

(ii) There has been no borrowing in the case of the Central Bank of Ireland and the Racing Board.

Barr
Roinn