Written Answers. - Gaeltarra Éireann.

Thursday, 2 December 1971

Dáil Eireann Debate
Vol. 257 No. 6

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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 1958 aistríodh luach £700,000 de mhaoin agus de chearta chuige; níl an tsuim sin inaisíoctha. Íoctar airleacain le Gaeltarra as an bPríomh-Chiste 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 glan-airleacan £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 deontasi-gcabhair 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]

Tréimhse Caillteanas Soláthar na tréimhse den díluachadh
£ £
12 mhí go 31/3/68 165,774 31,739
12 mhí go 31/3/69 102,066 38,169
9 mí go 31/12/69 94,909 35,450
12 mhí go 31/12/70 207,597 39,913
£145,271

Nuair a chuirtear an t-iomlán 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 t-iomlán sin.

160.

Mr. L'Estrange: Information on Gerald L'Estrange  Zoom on Gerald 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): Information on Padraig Faulkner  Zoom on Padraig Faulkner  There are no such bodies operating under the aegis of my Department.

161.

Mr. L'Estrange: Information on Gerald L'Estrange  Zoom on Gerald 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): Information on James M. Gibbons  Zoom on James M. Gibbons  The following is the information requested. The particulars given in each case relate to the financial year of the body concerned:

Year Ended 31/12/68 31/12/69 31/12/70
(a) 326 389 467
(b) Reserves and Provisions 326 389 467
(c) (d), (e) Not Applicable
(f) 54 56 67 (h) Total 177
(g) 20 16 15 (h) Total 51
(i) Profit 93 64 78
(2) There are now tangible assets to repay (a) and (g)

Year Ended 31/3/68 31/3/69 31/3/70 31/3/71
(a) 2,437 2,754 2,519 2,985
(b) Capital Provided by the Exchequer
(i) Repayable Advances 1,786 2,034 1,756 2,204
(ii) Non-repayable grants 651 720 763 782
(c) 4.3% 4.2% 8.9% 4.6%
(d) 104 116 224* 137*
(e) 89 98 362 173
(f) Nil Nil Nil Nil (h)Total Nil
(g) 21 36 39 41 (h)Total 137
(i) (1) Loss 153 119 82 80
(2) There are now tangible assets to repay 98% of (a) and (g)

* Those figures include £97,000 and £9,000 in respect of interest written off in the years 1969/70 and 1970/71 respectively.

Year Ended 31/12/68 31/12/69 31/12/70
(a) 585 585 585
(b) (1) Exchequer 585 585 585
(2) Associated Companies
(c) 10% 3.3% Nil
(d) 35 35 35
(e) Nil Nil Nil
(f) 5 Nil .5 (h) Total 5.5
(g) 184 201 215 (h) Total 600
(i) (1) Profit/Loss 29 (Profit) 15 (Loss) 373 (Loss)
(2) There are now tangible assets to repay the totals of (a) and (g).

162.

Mr. L'Estrange: Information on Gerald L'Estrange  Zoom on Gerald 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): Information on Patrick J. Lalor  Zoom on Patrick J. 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.

163.

Mr. L'Estrange: Information on Gerald L'Estrange  Zoom on Gerald 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): Information on Robert Molloy  Zoom on Robert Molloy  The following is the information requested:

[1281][1282] 1. An Foras Forbartha:

(a) The share capital is £100 being 100 shares of £1 each issued in 1964.
(b) The shares are held as follows: Minister for Finance 92
Minister for Local Government 1
7 initial Directors (1 share each) 7
100

(c)

(d)

(e)

(f) Not applicable as An Foras Forbartha is a non-profit making body.

(g)

(h) financed by Grant-in-Aid and Grant from the Road Fund.

(i)

2. National Building Agency:

(a) (b) (c) (d) (e) (f) (g) (h) (i)
Year Ended Amount of Capital Source of Capital Yield on Capital Return paid on capital Amount of Capital repaid Amount provided for C.P.T. and Income Tax Depreciation Total of (f) and (g) Profit
31st March, 1968 £1,391,000 Exchequer Not applicable Not applicable £6,891 £172 £1,012 £1,184 Not applicable
31st March, 1969 £1,891,000 ,, ,, ,, £8,619 £2,786 £1,331 £4,117 ,,
31st March, 1970 £2,391,000 ,, ,, ,, £16,161 Nil £1,725 £1,725 ,,
31st March, 1971 £2,791,000 ,, ,, ,, £19,868 Nil £2,095 £2,095 ,,

The Agency has adequate tangible assets to repay, if need be, the totals of (a) and (g) above.

[1283]164.

Mr. L'Estrange: Information on Gerald L'Estrange  Zoom on Gerald 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): Information on Gerard Collins  Zoom on Gerard 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 1969-70 and 1970-71, and (iv) a sum of £200,000 borrowed from a commercial bank in 1970-71.

(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 1970-71 was 9½%.

(e) and (f) Nil.

(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

(h) as at (g).

(i)

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.

NOTE:

The final RTE accounts for 1970-71 are not yet available, and the figures given for that year are provisional.


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