asked the Minister for Finance the amounts currently payable in the form of fees and/or salaries to each of the members, including executive members, of the boards of the following State bodies: ACC, Racing Board, Irish National Stud, ICC, Fóir Teo., CSET, Irish Life and the Central Bank.
Written Answers. - State Bodies Statistics.
71.
Following is the information requested:
Agricultural Credit Corporation Ltd.
|
Chairman's fee |
£1,500 per annum |
|
Ordinary Directors' fee |
£800 per annum |
There are no executive members on the board.
The Racing Board
|
Chairman's fee |
Nil |
|
Ordinary Directors' fee |
Nil |
There are no executive members on the board.
The Irish National Stud Co. Ltd.
|
Chairman's fee |
£600 per annum |
|
Ordinary Directors' fee |
£320 per annum |
There are no executive members on the board.
The Industrial Credit Company Ltd.
|
Chairman's fee |
£2,400 per annum |
|
Ordinary Directors' fee |
£800 per annum |
|
Salary for Executive Director (This officer is general manager) |
£11,045 per annum |
Fóir Teoranta
|
Chairman's fee |
£750 per annum |
|
Ordinary Directors' fee |
£800 per annum |
There are no executive members on the board. The chairman has the use of a company car.
Comhlucht Siúicre Éireann Teoranta
|
Chairman's fee |
£1440, per annum |
|
Ordinary Directors' fee |
£800 per annum |
There are no executive members on the board.
Irish Life Assurance Company Ltd.
|
Chairman's fee |
£1,280 per annum |
|
Ordinary Directors' fee |
£800 per annum |
The remuneration of the executive member of the board is determined by the board itself.
Central Bank of Ireland
The remuneration of the Governor is determined by the Board of the Bank in accordance with the terms of the Central Bank Act, 1942.
|
Ordinary Directors' fee |
£1,200 per annum. |
[The Secretary of the Department of Finance does not receive a fee in respect of his services as a director of the bank].
72.
asked the Minister for Finance the total number of (1) full-time, (2) part-time (at peak) and (3) other employees and the total payroll expenditure including directors' fees and employers' superannuation and social welfare contributions of the following State bodies: ACC, Racing Board, Irish National Stud, ICC, Fóir Teo., CSET, Irish Life and the Central Bank, for each of the last three years for which the information is available.
Following is the information requested:
|
(1) |
(2) |
(3) |
|||
|
Year ended |
Number of full-time employees |
Number of part-time employees (at peak) |
Number of other employees |
Total Payroll expenditure |
|
|
£ |
|||||
|
Agricultural Credit Corporation Ltd. |
30/4/73 |
252 |
20 |
Nil |
408,000 |
|
30/4/74 |
325 |
20 |
Nil |
645,000 |
|
|
30/4/75 |
353 |
20 |
Nil |
876,000 |
|
|
The Racing Board |
31/12/73 |
46 |
396 |
Nil |
271,000 |
|
31/12/74 |
46 |
399 |
Nil |
305,000 |
|
|
31/12/75 |
47 |
392 |
Nil |
397,000 |
|
|
Irish National Stud Co. Ltd. |
31/12/73 |
38 |
20 |
Nil |
70,000 |
|
31/12/74 |
39 |
22 |
Nil |
93,000 |
|
|
31/12/75 |
38 |
17 |
Nil |
111,000 |
|
|
The Industrial Credit Co. Ltd. (a) |
31/10/73 |
112 |
2 |
Nil |
324,000 |
|
31/10/74 |
132 |
2 |
Nil |
406,000 |
|
|
31/10/75 |
134 |
2 |
Nil |
564,000 |
|
|
Fóir Teoranta (b) |
31/3/74 |
Nil |
Nil |
Nil |
4,000 |
|
31/12/74 |
1 |
Nil |
Nil |
8,000 |
|
|
(9 months) |
|||||
|
31/12/75 |
4 |
Nil |
Nil |
29,000 |
|
|
Comhlucht Siúicre Éireann |
30/4/73 |
2,737 |
1,721 |
Nil |
6,647,000 |
|
Teoranta |
30/4/74 |
2,783 |
1,601 |
Nil |
8,140,000 |
|
30/4/75 |
2,907 |
1,534 |
Nil |
9,704,000 |
|
|
Irish Life Assurance Company Ltd. |
31/12/73 |
1,250 |
5 |
Nil |
2,364,000 |
|
31/12/74 |
1,260 |
6 |
Nil |
3,281,000 |
|
|
31/12/75 |
1,234 |
5 |
Nil |
4,220,000 |
|
|
Central Bank of Ireland |
31/3/74 |
453 |
10 |
Nil |
783,000 |
|
31/12/74 |
533 |
19 |
Nil |
870,000 |
|
|
(9 months) |
|||||
|
31/12/75 |
552 |
16 |
Nil |
1,671,000 |
(a) Includes staff seconded to Fóir Teoranta under a management fee arrangement.
(b) See (a) above. The staff shown against Fóir Teoranta represent a small number of specialised staff under contract.
73.
asked the Minister for Finance (a) the profit or loss before taxation and subsidy and after depreciation and interest payments, (b) the operating subsidy/grant, (c) the total sales and other revenue exclusive of subsidy/grant and (d) the capital employed of the following State bodies: ACC, Racing Board, Irish National Stud, ICC, Fóir Teo., CSET, Irish Life and the Central Bank, for each of the last three years for which the information is available.
Following is the information requested:
|
Year ended |
(a) Profit or (loss) |
(b) Operating subsidy/ grant |
(c) Total sales and other revenue |
(d) Capital employed |
|
|
£ |
£ |
£ |
£ |
||
|
Agricultural Credit Corporation Ltd. |
30/4/73 |
395,000 |
Nil |
4,049,000 |
57,674,000 |
|
30/4/74 |
54,000 |
Nil |
7,072,000 |
88,822,000 |
|
|
30/4/75 |
(3,843,000) |
Nil |
11,905,000 |
118,918,000 |
|
|
The Racing Board |
31/12/73 |
179,000 |
Nil (a) |
1,119,000 |
700,000 |
|
31/12/74 |
265,000 |
Nil (a) |
1,385,000 |
875,000 |
|
|
31/12/75 |
(15,000) |
Nil (a) |
1,915,000 |
722,000 |
|
|
The Irish National Stud Company Ltd. |
31/12/73 |
72,000 |
Nil |
387,000 |
1,379,000 |
|
31/12/74 |
10,000 |
Nil |
274,000 |
1,630,000 |
|
|
31/12/75 |
36,000 |
Nil |
335,000 |
1,829,000 |
|
|
The Industrial Credit Company Ltd. |
31/10/73 |
910,000 |
166,000 (b) |
2,892,000 |
28,088,000 |
|
31/10/74 |
1,022,000 |
166,000 (b) |
3,927,000 |
41,284,000 |
|
|
31/10/75 |
1,254,000 |
328,000 (b) |
5,987,000 |
56,213,000 |
(a) In each of the three years in question this body received a State grant of £100,000 for capital purposes.
(b) Interest subsidy to Shipping Finance Corporation Ltd., a subsidiary of the ICC, which provides credit towards the purchase of ships built at Verolme Cork Dockyard Ltd.
|
Year ended |
(a) Profit or (loss) |
(b) Operating subsidy/ grant |
(c) Total sales and other revenue |
(d) Capital employed |
|
|
£ |
£ |
£ |
£ |
||
|
Fóir Teoranta |
31/3/74 |
(63,000) |
Nil (a) |
212,000 |
14,781,000 |
|
31/12/74 |
(203,000) |
Nil (a) |
222,000 |
17,404,000 |
|
|
(9 months) |
|||||
|
31/12/75 |
(361,000) |
Nil (a) |
691,000 |
20,153,000 |
|
|
Comhlucht Siúicre Éireann Teoranta |
30/4/73 |
1,597,000 |
Nil |
37,017,000 |
10,412,000 |
|
30/4/74 |
657,000 |
Nil |
40,635,000 |
12,305,000 |
|
|
30/4/75 |
950,000 |
Nil |
52,101,000 |
14,049,000 |
|
|
Irish Life Assurance Co. Ltd. |
31/12/73 |
1,300,000 (b) |
Nil |
50,766,000 (c) |
164,919,000 |
|
31/12/74 |
1,100,000 (b) |
Nil |
44,290,000 (c) |
171,023,000 |
|
|
31/12/75 |
1,100,000 (b) |
Nil |
54,085,000 (c) |
210,113,000 |
|
|
Central Bank of Ireland |
31/3/74 |
14,682,000 (d) |
Nil |
43,770,000 (e) |
259,073,000 |
|
31/12/74 |
16,592,000 (d) |
Nil |
43,356,000 (e) |
312,645,000 |
|
|
(9 months) |
|||||
|
31/12/75 |
17,822,000 (d) |
Nil |
53,777,000 (e) |
390,800,000 |
(a)While no subsidy or grant was given, this body was not called on to pay interest on its borrowings from the Exchequer; accordingly, no provision for such interest is included in the loss figures in column 3.
(b) These figures represent surpluses on periodic valuations.
(c) These figures are made up of premium income, interest, dividends and rent.
(d) The Central Bank's profits are not subject to taxation; its surplus income is payable directly to the Exchequer.
(e) The bark's income arises mainly from investments, i.e. the assets of the Legal Tender Note Fund and the General Fund.