Committee Reports::Report - Appropriation Accounts 1946 - 1947::16 February, 1950::Appendix


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APPENDIX XII.

STATISTICS RELATING TO FERTILISER SUBSIDIES.

With reference to the inquiry regarding fertiliser subsidies at the meeting of the Committee of Public Accounts on the 18th instant, I have to state, for the Committee’s information, that the documents furnished to this Department by the Department of Industry and Commerce (Prices Branch) disclose the following particulars:—

		Fertiliser Season 1944-45	Fertiliser Season 1945-46
(i) Quantity of fertilisers manufactured	...	81,310 tons	106,416 tons
(ii) Profit allowed to the manufacturers		£40,655	£42,566
		(10/- per ton)	(8/- per ton)
(iii) Profit or loss actually made	...	Profit	Loss
		£80,167	£15,341

2. The selling prices of the fertilisers in the two seasons were as follows:—

				1944-45	1945-46
				per ton	per ton
(a) 30% Superphosphate	...	...	...	£12	£10 10
(b) Compound Fertiliser	...	...	...	£13	£13
(c) Nitrate of Ammonia	...	...	...	£20	£20

3. The particulars in the first paragraph above show that the Irish Fertiliser Manufacturers Association made a profit of £39,512 over and above the allowed profit for the 1944-45 season, while at the lower selling price for superphosphate in the 1945-46 season the Association sustained a loss of £15,341. In order to recoup this loss to the manufacturers and to give them the allowed profit for the season it was necessary to pay a subsidy of £57,907, that is the actual loss of £15,341 plus the approved profit £42,566. This was done by refunding the Association the surplus profit made in the 1944-45 season, which had been surrendered by them, and making a further payment to them of £18,395.

(Signed) SEÁN Ó BROIN,

Secretary,

Department of Agriculture.

22nd November, 1948.