Committee Reports::Interim and Final Reports of the Committee - Appropriation Accounts 1966 - 1967::27 June, 1968::Appendix

APPENDIX 11.

POST OFFICE SAVINGS BANK

ACCOUNT of all deposits received and paid during the Year ended 31st December, 1966, 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, 1966, 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, 1966, 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 1966/67 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, 1966, together with a Statement showing in the case of each Bank the amount of the liability of the Government at the 20th November, 1966, 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, 1966, showing also the total amount due to depositors at the close of the year.


Balance on 31st December,

 

Repayments during the year

 

1965

...

...

...

129,275,275

ended 31st December, 1966

29,249,369

Deposits received during the year ended 31st December,

 

Balance (inclusive of Interest) due at the close of the year

 

1966

...

...

...

27,192,804

1966 to all depositors

...

130,469,307

*Provision for interest due to depositors for the said year

3,250,597

 

 

 

159,718,676

 

159,718,676

Charges of Management and Expenses incurred for the Post Office Savings Bank for the year ended 31st December, 1966, £385,451.


L. Ó BROIN,


Secretary.


Department of Posts and Telegraphs.


8th June, 1967.


POST OFFICE SAVINGS BANK

II. ACCOUNT for the year ended 31st December, 1966, 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 Fund

7,041,565

Interest paid and credited

 

to depositors

..

3,259,058*

Expenses incurred in the

 

year

..

..

..

385,451

 

 

Amount set aside towards provision against depreciation in value

 

 

 

of securities

..

..

3,397,056

 

7,041,565

 

7,041,565

T. K. WHITAKER,


Secretary.


Department of Finance.


20 June, 1967.


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, 1966, 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 depositors at 31st December, 1966 (including

£

3½% Fourth National Loan,

£

interest)

..

130,469,307

1950-70

219,422

 

 

3% Exchequer Bonds, 1965-70

104,930

 

 

3½% Exchequer Bonds, 1965-70

163,298

 

 

5% National Loan, 1962-72

..

370,737

 

 

4½% National Loan, 1973-78

..

808,000

 

 

4¼% National Loan, 1975-80

..

219,550

 

 

5% National Savings Bonds,

 

 

 

1971-81

..

..

..

159,157

 

 

6% National Loan, 1967

..

719,278

 

 

5½% Exchequer Stock, 1971-74

..

617,500

 

 

5¼% National Development Loan,

 

 

 

1979-84

..

..

..

1,240,253

 

 

6% Exchequer Stock, 1980-85

..

1,540,156

 

 

5¾% National Loan, 1982-87

..

2,572,060

 

 

4½% Exchequer Stock, 1968

..

4,015,476

 

 

5¾% Exchequer Stock, 1984-89

..

2,526,840

 

 

6% Exchequer Loan, 1985-90

..

738,880

 

 

National Bonds, 1966-77

..

296,200

 

 

6% Funding Loan, 1969

..

3,918,763

 

 

6¾% National Loan, 1986-91

..

4,597,923

 

 

7½% National Loan, 1981-86

..

2,234,465

 

 

Exchequer Bills

..

..

6,485,000

 

 

4½% Land Bonds

..

..

195,450

Notes

 

4½% New Land Bonds

..

..

13,519

1. The figure of £130,469,307 above includes £19,935,899 in respect of the liability to Trustee Savings Banks.

4% Land Bonds

..

..

..

43,742

Bórd na Móna 6% Stock

..

8,005

Agricultural Credit Corporation Ltd. 3% State Guaranteed

 

Mortgage Stock, 1957-67

..

570,000

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, 1966, was (a) £1 4 2, 1 6 5, 2 8 8 a n d (b) £139,508,433.

Agricultural Credit Corporation Ltd. 3½% State Guaranteed

 

Mortgage Stock, 1966-76

..

133,000

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% Transport Stock, 1977-82

..

778,750

Dublin Corporation 3%

 

 

 

Redeemable Stock, 1968-78

..

145,000

 

 

Dublin Corporation 6%

 

 

 

Redeemable Stock, 1975-80

..

4,266,812

 

 

Dublin Corporation 5% Mortgage

 

 

 

(31/12/74)

..

..

..

209,537

 

 

Cork Corporation 3% Redeemable

 

 

 

Stock, 1969-79

..

..

..

242,700

 

 

Cork Corporation 5% Mortgage

 

 

 

(31/12/75)

..

..

..

54,934

 

 

3% Funding Loan, 1959-69

..

500,000

 

 

3% Savings Bonds, 1960-70

..

400,000

 

 

Ways and Means Advances to

 

 

 

Exchequer

..

..

..

40,600,625

 

 

Advances under the Local Loans

 

 

 

Fund Acts, 1935-64

..

..

3,008,000

 

 

Advances under Telephone Capital

 

 

 

Acts, 1924-63

..

..

..

39,197,272

 

 

Interest accrued but not due for

 

 

 

payment (computed amount)

..

1,622,709

 

 

Cash Balance

..

..

..

444,985

 

 

Income Tax recoverable

..

..

3,187

 

 

Deposit Account—Central Bank

 

 

 

of Ireland

..

..

..

14,750,000

 

 

Deposit Account—Bank of Nova

 

 

 

Scotia

..

..

..

..

2,118,322

Department of Finance.

T. K. WHITAKER,

 

20th June, 1967.

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, 1966.


 

£

 

£

Balance at 20th

 

Amounts paid to Banks

 

November, 1965

..

..

19,866,840

during the year

..

1,327,975

Amounts received from Banks during the year Interest credited to Banks

1,427,705

Balance (inclusive of interest) due to banks at the 20th November,

 

in the year ended 20th

 

1966

..

..

..

20,553,182

November, 1966

..

586,612

 

 

£

21,881,157

£

21,881,157

V. STATEMENT showing in the case of each Bank the amount of the liability of the Government at the 20th November, 1966, 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

By the Minister for Finance

By the British National Debt Commissioners

Total

 

£

£

£

£

Cork

..

7,782,356

6,356

7,788,712

11,337

Dublin

..

9,196,920

8,228

9,205,148

21,971

Limerick

..

670,938

3,522

674,460

910

Monaghan

1,003,380

5,477

1,008,857

4,348

Waterford

..

1,899,588

3,480

1,903,068

15,742

Totals

..

20,553,182

27,063

20,580,245

54,308

T. K. WHITAKER,


Secretary.


Department of Finance.


20th June, 1967.


* The provision in the case of Trustee Savings Banks is for the year of account ended 20th November, 1966.


* Including in the case of Trustee Savings Banks, the interest payable for the year ended 31st December, 1966.