Committee Reports::Report - Appropriation Accounts 1963 - 1964::10 March, 1966::Appendix


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APPENDIX XVII.

AN FORAS TALÚNTAIS: ACCOUNTS FOR YEAR ENDED 31st MARCH, 1964.

CAPITAL FUND OF AN FORAS TALÚNTAIS.

Account of Receipts and Payments for the year ended 31st March, 1964, of the Capital Fund established under Section 10 of the Agriculture (An Foras Talúntais) Act, 1958, (No. 1 of 1958).

RECEIPTS								PAYMENTS
		Year ended 31st March, 1964			Cumulative Receipts from 1st June, 1958 to 31st March, 1964							Year ended 31st March, 1964			Cumulative Expenditure from 1st June, 1958 to 31st March, 1964
		£	s.	d.	£	s.	d.					£	s.	d.	£	s.	d.
Transfer of Grant from Grant Counterpart Special Account.		—			840,000	0	0	Cost of Investments held on 1st April, 1963.				187,396	11	1
Balance, 1st April, 1963	..	251,383	10	7	—			Cost price of Investments purchased.				461,643	15	0
Cost Price of Investments returned on Realisation.		550,002	16	1	—			Provision of new facilities for carrying out agricultural research:
Profit on Realisation of Investments.		11,437	7	1	46,454	16	2	For and under the control of the Institute. Purchaseof lands, buildings and equipment.				152,567	4	1	755,702	9	8
Net cost of Investments held at 31st March, 1964.		99,037	10	0
								Institute Headquarters:
								Purchase of premises (including renovation and decoration).				—			20,498	12	11
								Balance at 31st March, 1964:
									£	s.	d.
								Cost of investments held	99,037	10	0
								Cash at Bank.	11,216	3	7
												110,253	13	7	110,253	13	7
		£911,861	3	9	£886,454	16	2					£911,861	3	9	£886,454	16	2

(Signed) J. G. LITTON, Chairman.	(Signed) T. WALSH, Director.
22nd December, 1964.	22nd December, 1964.

ENDOWMENT FUND OF AN FORAS TALUNTAIS.

Account of Receipts and Payments for the year ended 31st March, 1964, of the Endowment Fund established under Section 11 of the Agriculture (An Foras Taluntais) Act, 1958 (No. 1 of 1958).

RECEIPTS								PAYMENTS
					£	s.	d.					£	s.	d.	£	s.	d.
Balance at 1st April, 1963	..	..	..	..	1,000,997	15	6	Cost of Investments held 1st April, 1963	..	..	..				1,000,997	15	6
Cost price of Investments returned on realisation				..	171,876	4	10	Cost price of Investments purchased	..	..	..				177,581	19	3
Profit on Realisation of Investments		..	..	..	1,679	2	11	Balance at 31st March, 1964			..	1,006,703	9	11
								Less: due to Bank		..	..	4,026	11	6
Net Cost of Investments held at 31st March, 1964				..	1,006,703	9	11								1,002,676	18	5
					£2,181,256	13	2								£2,181,256	13	2

(Signed) J. G. LITTON, Chairman.	(Signed) T. WALSH, Director.
22nd December, 1964.	22nd December, 1964.

AN FORAS TALÚNTAIS.

Agriculture (An Foras Talúntais) Act, 1958, (No. 1 of 1958).

INCOME AND EXPENDITURE ACCOUNT OF AN FORAS TALÚNTAIS FOR THE YEAR ENDED 31st MARCH, 1964.

EXPENDITURE												INCOME.
			£	s.	d.	£	s.	d.	£	s.	d.					£	s.	d.	£	s.	d.
To/Stocks at 1st April, 1963						310,524	11	6				By/Investment Interest
Headquarters:												Capital Fund	..	..	..	8,258	5	11
(including Council, Director, Agricultural												Endowment Fund		..	..	56,669	7	3
Liaison, Scientific Liaison, Statistics Department												Income and Expenditure Account;
Buildings, Library and Secretariat)												Deposit Interest		..	..	1,512	1	1
						87,958	8	5											66,439	14	3
Agricultural Research Divisions:												Sale of Produce, etc.		..	..	..	..	..	133,219	1	11
(including Salaries, Wages and General Operating												Grants, Donations, etc. by Outside Bodies					..	..	36,261	1	10
Costs):												Cost of Technical Assistance Projects recovered from
Animal Production			146,279	1	9							Vote for Agriculture		..	..	1,500	0	0
Horticulture and
Forestry		..	36,369	11	9							Less expended		..	..	1,062	17	0
Plant Sciences and Crop Husbandry			92,845	8	0
Rural Economy			81,471	8	11
Soils	..	..	140,708	4	9
						497,673	15	2
Research Stations:												State Endowment under Section12 of Act:
(including Salaries, Wages and												Annual Grant	..	..	..	..	..	..	850,000	0	0
General Operating Costs)					..	483,336	8	7
						1,379,493	3	9
Less: Closing Stocks					..	395,676	0	0
									983,817	3	9
Grants for Agricultural Research						..	..	..	3,960	17	10
Scholarships, etc. for Post Graduate Agricultural
Research			..	..	..	..	..	..	2,184	18	7
Study, Courses, Seminars, Conferences							..	..	759	6	5
Balance being excess of Income over Expenditure								..	95,634	14	5
									£1,086,357	1	0								£1,086,357	1	0

(Signed) J. G. LITTON, Chairman.	(Signed) T. WALSH, Director.
22nd December, 1964.	22nd December, 1964.

AN FORAS TALÚNTAIS.

Agriculture (An Foras Talúntais) Act, 1958, (No. 1 of 1958).

BALANCE SHEET OF AN FORAS TALÚNTAIS AS AT 31st MARCH, 1964.

LIABILITIES												ASSETS
					£		s.	d.	£	s.	d.									£	s.	d.
Bank		..	..	..	..	..	..	..	20,512	15	9	Lands and Buildings (including property accepted under Section 16 of the Agriculture (An Foras Talúntais) Act,
Balances on Income and Expenditure Accounts:												1958)	..	..	..	..	..	..	..	868,201	2	7
At: 31st March, 1964			..	..	£95,634		14	5
To: 31st March, 1963			..	..	£191,910		5	2				Investments	..	..	..	..	..	..	..	1,105,740	19	11
									287,544	19	7
												Stocks:
Property accepted under Section 16 of																	£	s.	d.
the Agriculture (An Foras												Livestock	..	..	..	..	£ 110,994	0	0
Talúntais) Act, 1958:												Farm Produce		..	..	..	£ 4,420	0	0
Lands and Buildings			..	..	£92,000		0	0				Machinery		..	..	..	223,443	0	0
Stocks	..	..	..	..	£80,428		12	7				General Supplies			..	..	56,819	0	0
									172,428	12	7									395,676	0	0
Capital Fund		..	..	..	..	..		..	886,454	16	2
Endowment Fund		..	..	..	..	..		..	1,002,676	18	5
									£2,369,618	2	6									£2,369,618	2	6
												Note: Market value of Investments held at 31st March,1964:£1,100,884 18s. 3d.

(Signed) J. G. LITTON, Chairman.	(Signed) T. WALSH, Director.
22nd December, 1964.	22nd December, 1964.

I have examined the foregoing Accounts and Balance Sheet in accordance with Section 19 of the Agriculture (An Foras Talúntais) Act, 1958. I have obtained all the information and explanations that I have required and I certify, as a result of my audit, that in my opinion these Accounts and Balance Sheet are properly drawn up so as to exhibit a true and fair view of the transactions and state of affairs of An Foras Talúntais. I have no observations to make upon them.

	E. F. SUTTLE,
5 January, 1965.	Comptroller and Auditor General.