asked the Taoiseach if he will state, in respect of each of the Boards and State companies responsible to him for each year from 1959 to 1969: (a) the amount of capital employed on the 31st March, (b) how and by whom such capital was provided, (c) the yield earned on the total capital employed, (d) the return paid to the provider thereof, (e) the amount of any capital repaid or converted, (f) the total amount paid in corporation profit tax and income tax, (g) the amount set aside for depreciation, (h) the totals of (f) and (g) respectively for the 10 years and (i) whether there are now adequate tangible assets to repay if need be the totals of (a) and (g); and if not what proportion thereof.

There is no board or company, of the type apparently envisaged in the question, for which I am responsible.

380.

asked the Minister for Health if he will state, in respect of each of the Boards and State companies responsible to him for each year from 1959 to 1969: (a) the amount of capital employed on the 31st March, (b) how [loan, preference, or ordinary] and by whom such capital was provided, (c) the yield earned on the total capital employed, (d) the return paid to the provider thereof, (e) the amount of any capital repaid or converted, (f) the total amount paid in corporation profit tax and income tax, (g) the amount set aside for depreciation, (h) the totals of (f) and (g) respectively for the 10 years and (i) whether there are now adequate tangible assets to repay if need be the totals of (a) and (g); and if not, what proportion thereof.

The bodies for which I am responsible are generally engaged in the provision of medical services or services ancillary to medicine. To the extent to which such bodies are unable to meet their outgoings from their ordinary income they receive support in the form of grants from my Department. None of them has share or loan capital.

381.

asked the Minister for Agriculture and Fisheries if he will state, in respect of each of the Boards and State companies responsible to him for each year from 1959 to 1969: (a) the amount of capital employed on the 31st March, (b) how and by whom such capital was provided, (c) the yield earned on the total capital employed, (d) the return paid to the provider thereof, (e) the amount of any capital repaid or converted, (f) the total amount paid in corporation profit tax and income tax, (g) the amount set aside for depreciation, (h) the totals of (f) and (g) respectively for the 10 years and (i) whether there are now adequate tangible assets to repay if need be the totals of (a) and (g); and if not, what proportion thereof.

The following is the information requested. The particulars given in each case relate to the financial year of the body concerned:

IRISH NATIONAL STUD CO. LTD.

£'000

(i)Tangible assets could repay 98.7% of (a) and (g)

BORD IASCAIGH MHARA

£'000

(h)There are tangible assets to repay 98% of (h) and (g)

DAIRY DISPOSAL COMPANY LTD.

£'000

* Capital shown consists of Exchequer loan and share capital. On the 11th December, 1967, the status of the Dairy Disposal Co. Ltd., was changed from that of a company with three associated companies to that of a holding company and the combined share capital of the associated companies (£20,015) was transferred to the Consolidated Balance Sheet as part of a capital reserve on a consolidation. The capital position shown for 1967 and 1968, therefore represents Exchequer loan £584,603 and £7 issued capital of the Dairy Disposal Co. itself.

BORD NA gCON

£'000

382.

asked the Minister for Local Government if he will state, in respect of each of the Boards and State companies responsible to him for each year from 1959 to 1969: (a) the amount of capital employed on the 31st March, (b) how (loan, preference, or ordinary) and by whom such capital was provided, (c) the yield earned on the total capital employed, (d) the return paid to the provider thereof, (e) the amount of any capital repaid or converted, (f) the total amount paid in corporation profit tax, income tax, (g) the amount set aside for depreciation, (h) the totals of (f) and (g) respectively for the ten years and (i) whether there are now adequate tangible assets to repay (if need be) the totals of (a) and (g); and if not, what proportion thereof.

The following is the information required:—

1. An Foras Forbartha:

(a) The share capital is £100 being 100 shares of £1 each issued in 1964.

(b) The shares area held as follows:

2. National Building Agency

See attached tabular statement.

YEAR ENDED 31st MARCH

383.

asked the Minister for Social Welfare if he will state, in respect of each of the Boards and State companies responsible to him for each year from 1959 to 1969: (a) the amount of capital employed on the 31st March, (b) how and by whom such capital was provided, (c) the yield earned on the total capital employed, (d) the return paid to the provider thereof, (e) the amount of any capital repaid or converted, (f) the total amount paid in corporation profit tax and income tax, (g) the amount set aside for depreciation, (h) the totals of (f) and (g) respectively for the ten years and (i) whether there are now adequate tangible assets to repay if need be the totals of (a) and (g); and if not, what proportion thereof.

The only board under the aegis of my Department is the Board for the Employment of the Blind which is subsidised by the State and local authorities through capitation grants, and other annual payments. While its finances do not fit into the headings in the question I might point out that the board received special grants amounting to £27,000 from the State, of which £12,000 is in process of repayment and also obtained a loan of £55,000 from an assurance company which is being repaid by annual instalments.

The tangible assets of the board are regarded as adequate to meet the liabilities.

384.

asked the Minister for Justice if he will state, in respect of each of the Boards and State companies responsible to him for each year from 1959 to 1969: (a) the amount of capital employed on the 31st March, (b) how and by whom such capital was provided, (c) the yield earned on the total capital employed, (d) the return paid to the provider thereof, (e) the amount of any capital repaid or converted, (f) the total amount paid in corporation profit tax and income tax, (g) the amount set aside for depreciation, (h) the totals of (f) and (g) respectively for the ten years and (i) whether there are now adequate tangible assets to repay if need be the totals of (a) and (g); and if not, what proportion thereof.

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

385.

asked the Minister for External Affairs if he will state, in respect of each of the Boards and State companies responsible to him for each year from 1959 to 1969: (a) the amount of capital employed on the 31st March, (b) how [loan, preference, or ordinary] and by whom such capital was provided, (c) the yield earned on the total capital employed, (d) the return paid to the provider thereof, (e) the amount of any capital repaid or converted, (f) the total amount paid in corporation profit tax and income tax, (g) the amount set aside for depreciation, (h) the totals of (f) and (g) respectively for the ten years and (i) whether there are now adequate tangible assets to repay (if need be) the totals of (a) and (g); and if not, what proportion thereof.

No such boards or companies are responsible to me.

386.

asked the Minister for Finance if he will state, in respect of each of the Boards, and State companies responsible to him for each year from 1959 to 1969: (a) the amount of capital employed on the 31st March, (b) how and by whom such capital was provided, (c) the yield earned on the total capital employed, (d) the return paid to the provider, thereof, (e) the amount of any capital repaid or converted, (f) the total amount paid in corporation profit tax and income tax, (g) the amount set aside for depreciation, (h) the totals of (f) and (g) respectively for the ten years and (i) whether there are now adequate tangible assets to repay (if need be) the totals of (a) and (g); and if not, what proportion thereof.

The following is the information requested. The figures given are based on published accounts; the accounting years vary and for this reason it is not possible in most cases to give figures for periods ending on 31st March.

AGRICULTURAL CREDIT CORPORATION LTD.

£'000

CENTRAL BANK OF IRELAND

£'000

NOTE: The Bank is not liable for Income Tax or Corporation Profits Tax.

COMHLUCHT SIÚICRE ÉIREANN TEO. GROUP

£'000

NOTE: The terms of interest and repayment for the £1m. loan from the Minister for Finance have not yet been determined by the Minister.

INDUSTRIAL CREDIT COMPANY LTD.

£'000

NOTES (i) 637 shares are held by the private sector and the balance are held by the Minister for Finance.

(ii) Represents repayable advances repaid.

IRISH LIFE ASSURANCE CO. LTD.

£'000

THE RACING BOARD

NOTES (i) The Racing Board has no loan, preference or ordinary share capital. The figures shown for capital employed above are the net assets at the end of each accounting year and represent the accumulated surpluses of the Racing Board and its predecessor, the Board of Control for Mechanical Betting, since the formulation of the latter in 1930.

(ii) In the case of the Racing Board there is no yield in the commercial sense on capital employed.

TAISCÍ STÁIT TEORANTA

NOTES:

(i) Taiscí Stáit Teo. was incorporated on 21 February, 1964.

(ii) The only transactions during the first accounting period were of a capital nature.

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

(iv) Total of (a) and (g) above at 31/3/69, is £3,839,556. The book value of loans and investments by the Company and cash at bank at that date was £3,826,871; it is not possible to say what proportion of this sum could be realised.

387.

asked the Minister for Transport and Power if he will state, in respect of each of the Boards and State companies responsible to him for each year from 1959 to 1969: (a) the amount of capital employed on the 31st March, (b) how [loan, preference, or ordinary] and by whom such capital was provided, (c) the yield earned on the total capital employed, (d) the return paid to the provider thereof, (e) the amount of any capital repaid or converted, (f) the total amount paid in corporation profit tax and income tax, (g) the amount set aside for depreciation, (h) the totals of (f) and (g) respectively for the 10 years and (i) whether there are now adequate tangible assets to repay if need be the totals of (a) and (g); and if not, what proportion thereof.

The information requested is set out below. The accounting year for the B & I ends on 31st December and in the case of each of the other companies on 31st March. Bord Fáilte Éireann are not included as they are financed by grant-in-aid and have no share capital.

AER RIANTA TEO.

NOTES (i) Single shares are held by each of the Directors of the Company and by the Secretaries of the Departments of Transport and Power, Finance and Industry and Commerce.

(ii) Up to the reorganisation in 1966, Aer Rianta had received no return on its shareholding in Aer Lingus and Aer Línte and in turn had made no payment to the Minister for Finance in respect of his ownership of the shares of Aer Rianta. The only return made by Aer Rianta was under an arrangement whereby it has, before and since 1966, surrendered to the Minister for Industry and Commerce/Transport and Power the surplus earned on the management of Dublin Airport. This is an operating surplus and is not related to the Capital asset represented by Dublin Airport which is owned by the Minister for Transport and Power.

(iii) These figures represent interest on capital from the private sector.

(iv) No ordinary capital has been repaid. The outstanding loan from the private sector was repaid in 1961 with the money received from an increase in the shareholding of the Minister for Finance in Aer Rianta. The loans from the private sector outstanding in 1966 were taken over by Aer Lingus as part of the reorganisation.

AER LINGUS/AER LÍNTE

NOTES: (i) The figures represent the amount of Capital actively employed, i.e. an average for the years in question.

(ii) The figures are arrived at by calculating the operating profits or losses as percentages of capital actively employed.

(iii) The figures represent loan interest paid to the private sector.

(iv) The figures include amounts written off development expenditure.

CÓRAS IOMPAIR ÉIREANN

NOTES: (i) The figures from 1/4/62 exclude funds raised by Transport Stock and diverted to C.I.E. by way of share and loan capital (see (b) (i) and (ii) of CIE schedule).

(ii) Provided by the Minister for Finance under Section 4 of the Transport Act, 1964.

OSTLANNA IOMPAIR ÉIREANN TEO

NOTES: (i) The first year of operation of this Company was the year ended 31st March, 1963. Up to that time the Company was part of CIE.

(ii) These figures are rounded to the nearest £000.

ELECTRICITY SUPPLY BOARD

NOTE: (i) The rate of return reflects the large proportion of the Board's capital requirements financed from internal resources. It also reflects the effects of the rural electrification subsidy, the varying rates of interest payable and the amortisation out of Revenue of loan capital during the duration of the loan. The overriding consideration is that, by statute, the Board's revenue in each year must be sufficient and only sufficient (as nearly as may be) to pay all outgoings, including interest and sinking fund payments.

BORD NA MÓNA

BRITISH AND IRISH STEAM PACKET CO. LTD.

NOTES: (i) The B. & I. was established as a State sponsored body on 22/3/65 and accordingly the year ended 31/12/65 refers to the period from 22/3/65 to 31/12/65.

(ii) Revenue reserves consist of retained profits from the profit and loss account.

IRISH SHIPPING LTD.

388.

asked the Minister for Labour if he will state, in respect of each of the Boards and State companies responsible to him for each year from 1959 to 1969: (a) the amount of capital employed on the 31st March, (b) how and by whom such capital was provided, (c) the yield earned on the total capital employed, (d) the return paid to the provider thereof, (e) the amount of any capital repaid or converted, (f) the total amount paid in corporation profit tax and income tax, (g) the amount set aside for depreciation, (h) the totals of (f) and (g) respectively for the ten years and (i) whether there are now adequate tangible assets to repay if need be the totals of (a) and (g); and if not, what proportion thereof.

There are no boards or State companies responsible to me to which this question would apply.

389.

asked the Minister for Industry and Commerce if he will state in respect of each of the Boards and State companies responsible to him for each year from 1959 to 1969: (a) the amount of capital employed on the 31st March, (b) how and by whom such capital was provided, (c) the yield earned on the total capital employed, (d) the return paid to the provider thereof, (e) the amount of any capital repaid or converted, (f) the total amount paid in corporation profit tax and income tax, (g) the amount set aside for depreciation, (h) the totals of (f) and (g) respectively for the 10 years and (i) whether there are now adequate tangible assets to repay (if need be) the totals of (a) and (g); and if not, what proportion thereof.

In the case of bodies coming within my jurisdiction, the Deputy's question is applicable only to those which are trading bodies not dependent for their operation on the receipt of an annual grant. The information sought in so far as it relates to such bodies is as set out below. Capital employed has been interpreted, in the light of (b) of the question, as consisting of ordinary and preference shares and loan capital.

STATEMENT

*Provision

NOTES: (i) The business of Ireland House Shop Ltd. was sold on 30th June, 1969 at a sum sufficient to discharge the total of (a) and (g).

(ii) Figures for 1969 are not yet available for the following:—

Irish Steel Holdings Ltd.

Min Fhéir (1959) Teo.

Nítrigin Éireann Teo.

Ceimicí Teo.

(iii) Min Fhéir (1959) Teo. was incorporated 5th May, 1960.

(iv) Nítrigin Éireann Teo. was incorporated 3rd October, 1961, but did not commence to trade until 2nd May, 1965.

390.

asked the Minister for the Gaeltacht if he will state, in respect of each of the Boards and State companies responsible to him for each year from 1959 to 1969: (a) the amount of capital employed on the 31st March, (b) how and by whom such capital was provided, (c) the yield earned on the total capital employed, (d) the return paid to the provider thereof, (e) the amount of any capital repaid or converted, (f) the total amount paid in corporation profit tax and income tax, (g) the amount set aside for depreciation, (h) the totals of (f) and (g) respectively for the 10 years and (i) whether there are now adequate tangible assets to repay (if need be) the totals of (a) and (g); and if not, what proportion thereof.

Is mar seo a leanas an t-eolas faoin dá chomhlacht atá i gceist.

ARRAMARA TEORANTA

(x) Níl na cuntais iniúchta don bhliain dar chríoch 30 Meán Fómhair 1969 ar fáil fós.

(y) Airleacan inaisíoctha saor ó ús ó Alginate Industries Limited agus ó 1964-65, iasacht faoi mhorgáiste. Níl rótharraingt bhainc ó am go chéile san áireamh.

Maidir leis an scairchaipiteal níor tiontaíodh ná níor Íocadh aon díbhinní air.

Ar 30 Meán Fómhair 1968 bhí luach na sócmhainní cuid mhaith níos mó ná iomlán an chaipi til agus an chúltaca do dhíluachadh.

Gaeltarra Éireann.

Is leis na tionscail atá á reachtáil ag Gaeltarra amháin a bhaineann an t-eolas seo: ní áirítear tionscail eile ar chabhraigh Gaeltarra leo faoi chumhachtaí a tugadh ó 1965 i leith.

Níl aon scairchaipiteal ag Gaeltarra. Nuair a bunaíodh an bord ar 1 Aibreán 1968 aistríodh luach £700,000 de mhaoin agus de charta chuige: níl an tsuim sin inaisíochta. Íoctar airleacain le Gaeltarra as an bPríomh-Chiste le haghaidh chaiteachas caipitil ar shócmhainní dochta. Ó 1961 go dtí 1965 aisíocadh £16,717 de na hairleacain sin mar aon le £38,485 ús orthu. Bhí glan-airleacan £338,283 fágtha ar 1 Aibreán 1965 agus níl sé sin inaisíochta. Na hairleacain a tugadh do Ghaeltarra ó 1 Aibreán 1965 go dtí 31 Márta 1969—£211,826 san iomlán—níl siad inaisíochta—ná ús orthu iníoctha—go dtí cibé dáta a chinnfidh an tAire Airgeadais tar éis dó dul i gcomhairle le hAire na Gaeltachta.

Ní raibh brabach ar na tionscail: is amhlaidh a íocadh deontas-i-gcabhair le Gaeltarra gach bliain as Vóta Roinn na Gaeltachta.

B'é £173,114 an glan-díluachadh suas go dtí 31 Mátra 1969. Nuair a chuirtear an glan-díluachadh sin, an glan-airleacan roimh 1 Aibreán 1965 agus na hairleacain ina dhiaidh sin le chéile faightear £723,223 san iomlán agus is mó luach na sócmhainní ná an t-iomlán sin.

391.

asked the Minister for Lands if he will state, in respect of each of the Boards and State companies responsible to him for each year from 1959 to 1969: (a) the amount of capital employed on the 31st March, (b) how and by whom such capital was provided, (c) the yield earned on the total capital employed, (d) the return paid to the provider thereof, (e) the amount of any capital repaid or converted, (f) the total amount paid in corporation profit tax and income tax, (g) the amount set aside for depreciation, (h) the totals of (f) and (g) respectively for the 10 years and (i) whether there are now adequate tangible assets to repay if need be the totals of (a) and (g); and if not, what proportion thereof.

There are no boards or State companies under the aegis of the Department of Lands.

392.

asked the Minister for Education if he will state, in respect of each of the Boards and State companies responsible to him for each year from 1959 to 1969: (a) the amount of capital employed on the 31st March, (b) how and by whom such capital was provided, (c) the yield earned on the total capital employed, (d) the return paid to the provider thereof, (e) the amount of any capital repaid or converted, (f) the total amount paid in corporation profit tax and income tax, (g) the amount set aside for depreciation, (h) the totals of (f) and (g) respectively for the 10 years and whether there are now adequate tangible assets to repay if need be the totals of (a) and (g); and if not, what proportion thereof.

There are no boards or semiState companies operating under the aegis of the Department of Education.

393.

asked the Minister for Defence if he will state, in respect of each of the Boards and State companies responsible to him for each year from 1959 to 1969: (a) the amount of capital employed on the 31st March, (b) how (loan, preference, or ordinary) and by whom such capital was provided, (c) the yield earned on the total capital employed, (d) the return paid to the provider thereof, (e) the amount of any capital repaid or converted, (f) the total amount paid in corporation profit tax and income tax, (g) the amount set aside for depreciation, (h) the totals of (f) and (g) respectively for the ten years and (i) whether there are now adequate tangible assets to repay if need be the totals of (a) and (g); and if not, what proportion thereof.

There were no boards or State companies employing capital responsible to my Department during the years in question.

394.

asked the Minister for Posts and Telegraphs if he will state, in respect of each of the Boards and State companies responsible to him for each year from 1959 to 1969: (a) the amount of capital employed on the 31st March, (b) how and by whom such capital was provided, (c) the yield earned on the total capital employed, (d) the return paid to the provider thereof, (e) the amount of any capital repaid or converted, (f) the total amount paid in corporation profit tax and income tax, (g) the amount set aside for depreciation, (h) the totals of (f) and (g) respectively for the ten years and (i) whether there are now adequate tangible assets to repay if need be the totals of (a) and (g); and if not, what proportion thereof.

Radio Telefís Éireann which was established on 1st June 1960 is the only such body for which I have a responsibility. The particulars requested by the Deputy are as follows:—

(a) Capital (£000) on 31st March.

(b) The capital comprises repayable advances made by the Exchequer under Section 23 of the Broadcasting Authority Act 1960 and a sum of £249,000 representing the value of property and rights transferred to the Authority under Section 32 of the same Act.

(c) The yield earned on capital before charging interest was

(d) The return paid on repayable advances between 1961 and 1967 was at 6% and 6¼% depending on the Exchequer lending rate in force at date of advance. Advances made in 1968 were at 7%.

(e) and (f) Nil.

(g) and (h).

(i) Yes but the tangible assets consist mostly of land, buildings and equipment necessary for the provision of the broadcasting services.