Written Answers.  Gaeltarra Éireann.Thursday, 2 December 1971 
Dáil Eireann Debate

Níl aon scairchaipiteal ag Gaeltarra. Nuair a bunaíodh an bord ar 1 Aibreán 1958 aistríodh luach £700,000 de mhaoin agus de chearta chuige; níl an tsuim sin inaisíoctha. Íoctar airleacain le Gaeltarra as an bPríomhChiste le haghaidh chaitcachas caipitil ar shócmhainní dochta. Ó 1961 go dtí 1965 aisíocadh £16,717 de na hairleacain sin mar aon le £38,485 ús orthu. Bhí glanairleacan £338,283 fágtha ar 1 Aibreán, 1965, agus níl sé sin inaisíoctha. Na hairleacain a tugadh do Ghaeltarra ó 1 Aibreán 1965 go dtí 31 Nollaig, 1970—£600,000 san iomlán—níl siad inaisíoctha—ná ús orthu iníoctha— go dtí cibé dáta a chinnfidh an tAire Airgeadais tar éis dó dul i gcomhairle le hAire na Gaeltachta. Íoctar deontasigcabhair le Gaeltarra gach bliain as Vóta Roinn na Gaeltachta.
Maidir leis na blianta a luaitear sa Cheist, tá eolas mar seo a leanas ar fáil:—[1275]
Nuair a chuirtear an tiomlán sin do dhíluachadh agus na hairleacain a luaitear thuas le chéile faightear £1,083,554 san iomlán agus is mó luach na sócmhainní ná an tiomlán sin.
Mr. L'Estrange: asked the Minister for Education if he will state, in respect of the boards, State companies, or any other bodies under the aegis of his Department, for 1968, 1969, 1970 and 1971 (a) the amount of capital employed on the 31st March, (b) how and from what source such capital was provided, (c) the yield on the total capital employed, (d) the return paid on the capital, (e) the amount of any capital repaid or converted, (f) the total amount paid in corporation profits and income tax, (g) the amount set aside for depreciation, (h) the total of (f) and (g) respectively for the four years and (i) the profit or loss, and whether there are now [1276] adequate tangible assets to repay, if need be, the totals of (a) and (g) and if not, what proportion could be repaid.
Minister for Education (Mr. Faukner): There are no such bodies operating under the aegis of my Department.
Mr. L'Estrange: asked the Minister for Agriculture and Fisheries if he will state, in respect of the boards, State companies, or any other bodies under the aegis of his Department, for 1968, 1969, 1970 and 1971 (a) the amount of capital employed on the 31st March, (b) how and from what source such capital was provided, (c) the yield on the total capital employed, (d) the return paid on the capital, (e) the amount of any capital repaid or converted, (f) the total amount paid in corporation profits and income tax, (g) the amount set aside for depreciation, (h) the total of (f) and (g) respectively for the four years and (i) the profit or loss, and whether there are now adequate tangible assets to repay, if need be, the totals of (a) and (g) and if not, what proportion could be repaid.
Minister for Agriculture and Fisheries (Mr. J. Gibbons): The following is the information requested. The particulars given in each case relate to the financial year of the body concerned:
* Those figures include £97,000 and £9,000 in respect of interest written off in the years 1969/70 and 1970/71 respectively.
Mr. L'Estrange: asked the Minister for Industry and Commerce if he will state, in respect of the boards, State companies, or any other bodies under the aegis of his Department, for 1968, 1969, 1970 and 1971 (a) the amount of capital employed on the 31st March, (b) how and from what source such capital was provided, (c) the yield on the total capital employed, (d) the return paid on the capital, (e) the amount of any capital repaid or converted, (f) the total amount paid in corporation profits and income tax, (g) the amount set aside for depreciation, (h) the total of (f) and (g) respectively for the four years and (i) the profit or loss, and whether there are now adequate tangible assets to repay, if need be, the totals of (a) and (g) and if not, what proportion could be repaid.
Minister for Industry and Commerce (Mr. Lalor): I am seeking the information and I suggest that the Deputy might repeat the question in a week's time. I have assumed that it refers only to trading bodies.
Mr. L'Estrange: asked the Minister for Local Government if he will state, in respect of boards, State companies or any other bodies under the aegis of his Department for 1968, 1969, 1970 and 1971 (a) the amount of capital employed on the 31st March, (b) [1279] how and from what source such capital was provided, (c) the yield on the total capital employed, (d) the return paid on the capital, (e) the amount of any capital repaid or converted, (f) the total amount paid in corporation profits and income tax, (g) the amount set aside for depreciation, (h) the total of [1280] (f) and (g) respectively for the four years and (i) the profit or loss; and whether there are now adequate tangible assets to repay, if need be, the totals of (a) and (g) and if not, what proportion could be repaid.
Minister for Local Government (Mr. Molloy): The following is the information requested:
[1281][1282] 1. An Foras Forbartha:
(f) Not applicable as An Foras Forbartha is a nonprofit making body.
(h) financed by GrantinAid and Grant from the Road Fund.
The Agency has adequate tangible assets to repay, if need be, the totals of (a) and (g) above.
Mr. L'Estrange: asked the Minister for Posts and Telegraphs if he will state, in respect of boards, State companies, or any other bodies under the aegis of his Department for 1968, 1969, 1970 and 1971 (a) the amount of capital employed on the 31st March, (b) how and from what source such capital was provided, (c) the yield on the total capital employed, (d) the return paid on the capital, (e) the amount of any capital repaid or converted, (f) the total amount paid in corporation profits and income tax, (g) the amount set aside for depreciation, (h) the total of (f) and (g) respectively for the four years and (i) the profit or loss; and whether there are now adequate tangible assets to repay, if need be, the totals of (a) and (g) and if not, what proportion could be repaid.
Minister for Posts and Telegraphs (Mr. G. Collins): Radio Telefís Éireann is the only such body for which I have responsibility. The particulars requested by the Deputy are as follows:
(a) Loan Capital (£000) on 31st March:
1968  1969  1970  1971 

2,100  2,100  2,300  2,700 
(b) The capital comprises (i) repayable advances made by the Exchequer under Section 23 of the Broadcasting Authority Act, 1960, (ii) a sum of £249,900 representing the value of property and rights transferred to the Authority under Section 32 of the same Act, (iii) sums of £200,000 per annum borrowed from the R.T.E. Superannuation Fund in each of the years 196970 and 197071, and (iv) a sum of £200,000 borrowed from a commercial bank in 197071.
(c) The yield earned on capital, before charging interest, was:
1968  1969  1970  1971 

23.0%  12.4%  4.4%  5.2% 
(d) The return paid on Exchequer advances all of which were made between 1961 and 1968 was at the lending rate fixed for such advances, varying between 6% and 7%.
Interest on borrowing from the Superannuation [1284] Fund varied between 10% and 10?%.
Bank interest rate in 197071 was 9½%.
(g) The amount charged against income in respect of depreciation in each of the 4 years (ending 31st March), is:
1968  1969  1970  1971 

£221,280  £262,261  £253,002  £234,187 
1968  1969  1970  1971 

Surplus:  Surplus:  Deficit:  Surplus: 
£370,824  £144,312  £21,383  £3,647 
There are now adequate tangible assets to repay, if need be, the loan capital and the outstanding depreciation liability but the assets consist mostly of land, buildings and equipment necessary for the provision of the broadcasting services.
The final RTE accounts for 197071 are not yet available, and the figures given for that year are provisional.
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