Dáil Éireann - Volume 226 - 23 February, 1967

Ceisteanna—Questions. Oral Answers. - Capital in State-Sponsored Companies.

34. Mr. Donegan asked the Minister for Finance the amount of capital employed in the State-sponsored companies under his control; and the amount of interest paid in 1966 in respect of that capital.

Mr. Haughey: As the information requested by the Deputy is in the form of a tabular statement, I propose, with your permission, a Cheann Comhairle, to have it circulated with the Official Report. The particulars are given in relation to the most recent years of account of the various companies.

Following is the statement :—

Company

Year ended

Amount of Capital employed at end of year

Interest paid in respect of year

£million

£million

Agricultural Credit Corporation, Ltd.

30 April, 1966

16.577

0.638*

Comhlucht Siúicre Éireann Teo (including Erin Foods, Ltd.).

30 April, 1966

14.702

0.363*

Industrial Credit Co. Ltd.

31 October, 1966

20.520

0.460

Irish Life Assurance Co. Ltd.

31 December, 1965

0.206

0.035*

Taiscí Stáit Teoranta

31 March, 1966

1.006

Nil

*Including dividend on share capital.

NOTE: All the capital employed was not supplied by the Exchequer, nor did all the interest paid accrue to the Exchequer.