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


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APPENDIX XXVIII.

POST OFFICE SAVINGS BANK.

ACCOUNT of all deposits received and paid during the Year ended 31st December, 1963, together with (1) a Statement showing the aggregate amount of the liabilities of the Government to depositors in the Post Office Savings Bank at 31st December, 1963, and the nature and nominal amount of the securities held by the Minister for Finance to meet those liabilities at that date; and (2) an Account for the Year ended 31st December, 1963, showing the interest accrued in respect of the securities standing to the credit of the Post Office Savings Bank Fund, the interest paid and credited to depositors in pursuance of the Acts relating to the Post Office Savings Bank, and the expenses incurred in the execution of those Acts.

(Presented to both Houses of the Oireachtas pursuant to the Post Office Savings Bank Acts, 1861 to 1958.)

(The Comptroller and Auditor General in his report on the Appropriation Account of the Vote for Posts and Telegraphs for the Year 1963/64 will report on his examination of the Accounts within.)

TRUSTEE SAVINGS BANKS.

ACCOUNT of all sums received from and paid to the Banks by the Minister for Finance during the Year ended 20th November, 1963, together with a Statement showing in the case of each Bank the amount of the liability of the Government at the 20th November, 1963, and the liability at that date of the British Government.

POST OFFICE SAVINGS BANK.

I. ACCOUNT of all deposits received and paid during the year ended 31st December, 1963, showing also the total amount due to depositors at the close of the year. (Post Office Savings Bank Act, 1874—Section 3.)

		£			£
Balance at 31st December,			Repayments during the year ended 31st December,
1962	..	114,615,404	1963	..	20,569,971
Deposits received during the year ended 31st			Balance (inclusive of interest) due at the close of the year 1963
December, 1963	..	23,066,364	to all depositors	..	120,061,460
*Provision for interest due to depositors for
the said year	..	2,949,663
£		140,631,431	£		140,631,431

Charges of Management and Expenses incurred for the Post Office
Savings Bank for the year ended 31st December, 1963	..	..	£294,884

L. Ó BROIN,

Secretary.

Department of Posts and Telegraphs,

14th May, 1964.

POST OFFICE SAVINGS BANK.

II. ACCOUNT for the year ended 31st December, 1963, showing the interest accrued in respect of the securities standing to the credit of the Post Office Savings Bank Fund, the interest paid and credited to depositors in pursuance of the Acts relating to the Post Office Savings Bank, and the expenses incurred in the execution of those Acts. (Customs, Inland Revenue and Savings Banks Act, 1877—Section 17.)

			£				£
Interest accrued on securities standing to credit of the Post Office Savings Bank				Interest paid and credited to depositors			2,952,107*
Fund	..	..	4,848,308	Expenses incurred in the year	..	..	294,884
				Amountsetaside towards provision against depreciation in value of
				securities	..	..	1,601,317
£			4,848,308	£			4,848,308

T. K. WHITAKER,

Secretary.

Department of Finance,

23rd June, 1964.

POST OFFICE SAVINGS BANKS.

III. Statement showing the aggregate amount of the liabilities of the Government to depositors in the Post Office Savings Bank at 31st December, 1963, and the nature and nominal amount of the securities held by the Minister for Finance to meet those liabilities at that date. (Savings Banks Act, 1904—Section 9.)

Liabilities		Nature and Nominal Amount of Securities held
Balance due to	£	3½% Fourth National Loan,				£
depositors at		1950-70		..	..	55,872
31st December,		3% Exchequer Bonds, 1965-70				1,839,430
1963, (including		3½% Exchequer Bonds, 1965-70				224,343
interest)	120,061,460	5% National Loan, 1962-72				372,387
		4½% National Loan, 1973-78				219,900
Notes.		4¼% National Loan, 1975-80				80,750
1. The figure of £120,061,460 above includes £18,139,338 in respect of the liability to Trustee Savings Banks.		5% National Savings Bonds,
		1971-81		..	..	160,957
		5½% National Loan, 1966			..	259,582
		6% National Loan, 1967			..	271,470
		5½% Exchequer Stock, 1971-74				252,522
2. The aggregate value of the assets listed in the adjoining column based on the Stock Exchange Securities being taken at (a) cost, and (b) market value (exclusive of accrued interest) as at 31st December, 1963, was (a) £124,215,010 and (b) £123,691,689.		5¼% National Development
		Loan, 1979-84			..	162,003
		6% Exchequer Stock, 1980-85				211,756
		5¾% National Loan, 1982-87			..	3,800,710
		4½% Exchequer Stock, 1968			..	4,463,510
		5¾% Exchequer Stock, 1984-89				3,264,240
		Exchequer Bills		..	..	3,325,000
		4½% Land Bonds		..	..	204,761
		4½% New Land Bonds			..	14,071
		4% Land Bonds		..	..	48,269
		Agricultural Credit Corporation Ltd. 3% State Guaranteed
		Mortgage Stock, 1957-67			..	570,000
		Agricultural Credit Corporation 4% Mortgage Stock, 1962-65				100,000
		Irish Sugar Company 4%
		Guaranteed Debenture Stock			..	93,000
		Electricity Supply Board 5% Stock, 1966-75		..	..	75,000
		5% Transport Stock, 1970-75				500,000
		6% do. 1977-82				778,750
		Dublin Corporation 3%
		Redeemable Stock, 1968-78		..	..	145,000
		Dublin Corporation 3½%
		Redeemable Stock, 1960-65			..	4,202,810
		Dublin Corporation 5%
		Mortgage (31/12/74)		..	..	264,853
		Cork Corporation 3%
		Redeemable Stock, 1969-79		..	..	242,700
		Cork Corporation 5% Mortgage
		(31/12/75)	..	..	..	67,570
		Treasury Bills	..	....	..	3,500,000
		3% Funding Loan, 1959-69			..	500,000
		3% Savings Bonds, 1960-70			..	400,000
		4½% Conversion Stock, 1964			..	6,400,000
		Ways and Means Advances to
		Exchequer	..	..	..	57,167,500
		Advances under the Local Loans
		Fund Acts, 1935-58		..	..	3,008,000
		Advances under Telephone
		Capital Acts, 1924-60			..	23,889,228
		Interest accrued but not due for payment (computed amount)				1,119,510
		Cash Balance	..	..	..	299,502
		Income Tax recoverable			..	1,742
		3¼% United States Treasury
		Bonds due 15/2/64			..	$5,870,000
		5% United States Treasury
		Notes due 15/8/64			..	$515,000
		U.S. Dollars	..	..	..	$8,101

Department of Finance.	T. K. WHITAKER,
23rd June, 1964.	Secretary.

TRUSTEE SAVINGS BANKS.

IV. ACCOUNT of all sums received from and paid to the Banks by the Minister for Finance during the year ended 20th November, 1963.

				£					£
Balance at 20th					Amounts paid to Banks
November, 1962		..	..	17,815,315	during the year			..	916,000
Amounts received from Banks during the year Interest credited to Banks in the year ended 20th November,				1,036,000	Balance (inclusive of interest) due to Banks at 20th November,
1963	..	..	..	538,475	1963	..	..	..	18,473,790
				£19,389,790					£19,389,790

V. STATEMENT showing in the case of each Bank the amount of the liability of the Government at the 20th November, 1963, and the liability at that date of the British Government.

Bank		Amount due			Nominal amount of stocks and bonds held for depositors by the British National Debt Commissioners
Bank		By the Minister for Finance	By the British National Debt Commissioners	Total
		£	£	£	£
Cork	..	6,738,777	3,839	6,742,616	13,140
Dublin	..	8,318,855	3,596	8,322,451	26,181
Limerick	..	655,737	3,057	658,794	910
Monaghan	..	920,593	4,389	924,982	4,768
Waterford	..	1,839,828	12,708	1,852,536	19,763
Totals	..	18,473,790	27,589	18,501,379	64,762

T. K. WHITAKER,

Secretary

Department of Finance

23rd June, 1964.

*The provision in the case of Trustee Savings Banks is for the year of account ended 20th November, 1963.

*Including, in the case of Trustee Savings Banks, the interest payable for the year ended 31st December, 1963.