asked the Minister for Finance if he is aware of the concern felt by holders of Government 6½ per cent stock 2000/2005 at the Government's intention to revalue this stock; whether proposed changes in the taxation system will further reduce the value of this stock; and if he will consider some means to help small holders of stock who are on fixed incomes.
Ceisteanna—Questions. Oral Answers (Resumed). - Government Stock.
33.
The Government have no intention of revaluing the 6½ per cent Exchequer Stock 2000-2005.
The proposed changes in the taxation system will not adversely affect the value of any Irish Government security. Indeed Government securities are likely to be enhanced by reason of exemption from capital gains tax.
Price fluctuations on the stock exchange are caused primarily by changes in interest rate structures, which are outside the control of the Government.