Ceisteanna—Questions. Oral Answers. - Bord Iascaigh Mhara.
- BIM chairman and chief executive appointments 2 speeches
The chairman took office in January 1963, and the board appointed him chief executive on 3 January 1963; ministerial approval was not required.
Austin Deasy, Brian Lenihan Snr.
- BIM boatyard capital costs 2 speeches
The Minister gave the capital costs and 1977 book values of BIM’s Killybegs, Baltimore and Dingle boatyards.
Austin Deasy, Brian Lenihan Snr.
- BIM bank loans and repayment 2 speeches
Outstanding bank loans were £2,981,615 in 1976 and £3,652,914 in 1977; the 1978 figure was unavailable. The loans financed vessel construction and were repaid when vessels were completed and purchasers obtained long-term finance.
Austin Deasy, Brian Lenihan Snr.
asked the Minister for Fisheries and Forestry the date of appointment of the present Chairman of BIM; and to confirm the date on which he was appointed Chief Executive of the Board; if that appointment was made by him; and, if so, the date on which such approval was given and confirmed by the Minister for Finance.
Comment on this
The present chairman of BIM was appointed a member and chairman of the board by the then Parliamentary Secretary in charge of fisheries with effect from January 1963. He was appointed chief executive by the board on 3 January 1963. The approval of the Minister in charge of Fisheries or the Minister for Finance was not required for the latter appointment.
2.
Comment on this
asked the Minister for Fisheries and Forestry to state the capital cost of each boatyard owned by BIM.
Comment on this
The capital cost of each of the three boatyards owned by BIM up to 31 December 1977 was as follows:— Killybegs, £402,294; Baltimore, £294,592; Dingle, £114,353.
I should add, however, that the book value of each as at 31 December 1977 was as follows:— Killybegs, £219,588, Baltimore, £186,942; Dingle, £48,512.
3.
Comment on this
asked the Minister for Fisheries and Forestry the amount due for bank loans by BIM for the years 1976, 1977 and 1978 and the arrangement for the repayment of such bank loans.
Comment on this
Bank Loans of £2,981,615 and £3,652,914 were outstanding on 31 December 1976 and 31 December 1977 respectively. The figure for 1978 is not yet available.
These loans were in respect of bridging finance to fund progress payments on fishing vessels under construction in Irish boatyards. Repayment is made when a vessel is completed and long-term finance has been provided by the commercial banks to the purchaser of the vessel.