Committee Reports::Interim and Final Report - Appropriation Accounts 1964 - 1965::17 November, 1966::Appendix


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Committee Reports > List of Committees > Dáil > 1966 > Committee of Public Accounts > Interim and Final Report - Appropriation Accounts 1964 - 1965

APPENDIX X.

POST OFFICE SAVINGS BANK.

ACCOUNT of all deposits received and paid during the Year ended 31st December, 1964, 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, 1964, 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, 1964, 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 1964/65 will report on his examination of the Accounts within).

TRUSTEE SAVINGS BANKS.

ACCOUNTS of all sums received from and paid to the Banks by the Minister for Finance during the Year ended 20th November, 1964, together with a STATEMENT showing in the case of each Bank the amount of the liability of the Government at the 20th November, 1964, 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, 1964, 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				Repayments during the
December, 1963	..		120,061,460	year ended 31st
				December, 1964	..		23,883,581
Deposits received during
the year ended 31st				Balance (inclusive of
December, 1964	..		27,075,780	interest) due at the
				close of the year 1964
*Provision for interest				to all depositors	..		126,353,059
due to depositors for
the said year	..		3,099,400
		£	150,236,640			£	150,236,640

Charges of Management and Expenses incurred for the Post Office Savings Bank for the year ended 31st December, 1964.

£347,921.

L. Ó BROIN,

Secretary.

Department of Posts and Telegraphs,

18th June, 1965.

POST OFFICE SAVINGS BANK.

II. ACCOUNT for the year ended 31st December, 1964, 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		Interest paid and
securities standing to		credited to depositors				3,101,900*
credit of the Post Office
Savings Bank Fund	5,387,264	Expenses incurred in
		the year	..	..		347,921
		Amount set aside towards provision against depreciation in value of securities				1,937,443
£	5,387,264				£	5,387,264

T. K. WHITAKER,

Secretary.

Department of Finance,

24th June, 1965.

POST OFFICE SAVINGS BANK.

III. STATEMENT showing the aggregate amount of the liabilities of the Government to depositors in the Post Office Savings Bank at 31st December, 1964, 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			3½% Fourth National Loan, 1950-70					331,322
to depositors			3% Exchequer Bonds, 1965-70				..	1,480,580
at 31st			3½% Exchequer Bonds, 1965-70				..	307,843
December, 1964,			5% National Loan, 1962-72				..	296,437
(including			4½% National Loan, 1973-78				..	377,900
interest)	..	126,353,059	4¼% National Loan, 1975-80				..	333,150
			5% National Savings Bonds,
Notes			1971-81		..	..	..	100,157
1. The figure of £126,353,059 above includes £18,902,212 in respect of the liability to Trustee Savings Banks.			5½% National Loan, 1966			..	..	95,632
			6% National Loan, 1967			..	..	303,570
			5½% Exchequer Stock, 1971-74		..	..	..	208,972
			5¼% National Development Loan,
			1979-84		..	..	..	544,853
			6% Exchequer Stock, 1980-85				..	296,006
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, 1964, was (a) £132,645,061 and (b) £131,818,556.			5¾% National Loan, 1982-87				..	2,713,710
			4½% Exchequer Stock, 1968				..	3,986,537
			5¾% Exchequer Stock, 1984-89				..	2,758,190
			6% Exchequer Loan, 1985/90 (fully
			paid)	..	..	..	..	2,116,780
			6% Exchequer Loan, 1985/90 (40%
			paid)	..	..	..	..	10,500
			Exchequer Bills		..	..	..	1,365,000
			4½% Land Bonds		..	..	..	201,816
			4½% New Land Bonds			..	..	13,731
			4% Land Bonds		..	..	..	46,150
			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)		..	..	..	247,317
			Cork Corporation 3% Redeemable
			Stock, 1969-79			..	..	242,700
			Cork Corporation 5% Mortgage
			(31/12/75)		..	..	..	63,565
			3% Funding Loan, 1959-69				..	500,000
			3% Savings Bonds, 1960-70				..	400,000
			Ways and Means Advances to
			Exchequer	..	..	..	..	63,577,500
			Advances under the Local Loans
			Fund Acts, 1935-64			..	..	3,008,000
			Advances under Telephone Capital
			Acts, 1924-63		..	..	..	28,460,401
			Interest accrued but not due for
			payment (computed amount)				..	1,283,911
			Cash Balance		..	..	..	169,309
			Income Tax recoverable			..	..	1,742
			Deposit Account—Central Bank of
			Ireland	..	..	..	..	1,000,000
Department of Finance, 24th June, 1965.			T. K. WHITAKER, 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, 1964.

						£							£
Balance at 20th November, 1963			..	..	..	18,473,790	Amounts paid to Banks during the year				..	..	644,000
Amounts received from Banks during the year					..	1,255,000	Balance (inclusive of interest due to Banks at 20th
							November, 1964	..	..	..	..	..	19,645,438
Interest credited to Banks in the year ended 20th
November, 1964	..	..	..	..	..	560,648
						£20,289,438							£20,289,438

V. STATEMENT showing in the case of each Bank the amount of the liability of the Government at the 20th November, 1964, 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	..	..	..	..	..	7,258,348	4,873	7,263,221	12,637
Dublin	..	..	..	..	..	8,851,250	5,190	8,856,440	25,057
Limerick		..	..	..	..	700,091	3,215	703,306	910
Monaghan		..	..	..	..	937,150	4,694	941,844	4,768
Waterford		..	..	..	..	1,898,599	14,274	1,912,873	19,302
Totals					..	19,645,438	32,246	19,677,684	62,674
Department of Finance, 24th June, 1965.					T. K. WHITAKER, Secretary.

* The provision in the case of Trustees Savings Banks is for the year of account ended 20th November, 1964.

* Including, in the case of Trustee Savings Banks, the interest payable for the year ended 31st December, 1964.