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


	HOME Baile
	COMMITTEE REPORTS Tuasascálacha Coistí

Committee Reports > List of Committees > Dáil > 1968 > Committee of Public Accounts > Interim and Final Reports of the Committee - Appropriation Accounts 1966 - 1967

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
Bank		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.