Committee Reports::Report - Appropriation Accounts 1967 - 1968::23 July, 1969::Appendix


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APPENDIX 20.

POST OFFICE SAVINGS BANK

ACCOUNT of all deposits received and paid during the Year ended 31st December 1967, 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, 1967, and the nature and nominal amount of the securities held by the Minister for Finance to meet those liabilites at that date; and (2) an Account for the Year ended 31st December, 1967, 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 1967/68 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, 1967, together with a Statement showing in the case of each Bank the amount of the liability of the Government at the 20th November, 1967, 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 1967, showing also the total amount due to depositors at the close of the year.

				£				£
Balance at 31st December,					Repayments during the
1966	..	..	..	130,469,307	year ended 31st
					December, 1967	..	..	24,577,771
Deposits received during the year ended 31st					Balance (inclusive of Interest) due at the close
December, 1967			..	26,958,798	of the year 1967 to all
					depositors	..	..	137,509,299
*Provision for interest due to depositors for the
said year		..	..	4,658,965
				162,087,070				162,087,070

Charges of Management and Expenses incurred for the Post Office Savings Bank for the year ended 31st December, 1967, £424,856.

J. A. SCANNELL,

Secretary.

Department of Posts and Telegraphs.

14th June, 1968.

POST OFFICE SAVINGS BANK

II. ACCOUNT for the year ended 31st December, 1967, 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	..	..	..	4,682,958*
Fund	..	..	8,078,397	Expenses incurred in the year				424,855
				Amount set aside towards provision against depreciation in value of
				securities			..	2,970,584
			8,078,397					8,078,397

T. K. WHITAKER,

Secretary.

Department of Finance.

27th June 1968.

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, 1967, 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
		£	3½% Fourth National Loan,					£
Balance due to			1950-70		..	..	..	184,122
depositors at			3% Exchequer Bonds, 1965-70					494,430
31st December,			3½% Exchequer Bonds, 1965-70					635,499
1967 (including			5% National Loan 1962-72				..	293,837
interest)	..	137,509,300	4½% National Loan, 1973-78				..	700,550
			4¼% National Loan, 1975-80				..	343,050
			5% National Savings Bonds,
			1971-81		..	..	..	175,207
			5½% Exchequer Stock, 1971-74					511,300
			5¼% National Decelopment Loan,
			1979-84		..	..	..	1,415,563
			6% Exchequer Stock, 1980-85					1,823,356
			5¾% National Loan, 1982-87				..	2,097,260
			4½% Exchequer Stock, 1968				..	4,893,246
			5¾% Exchequer Stock, 1984-89					889,140
			6% Exchequer Loan, 1985-90				..	1,306,680
			National Bonds, 1966-77				..	129,200
			6% Funding Loan, 1969				..	1,019,288
			6¾% National Loan, 1986-91				..	773,023
			7½% National Loan, 1981-86				..	3,914,565
			6½% Exchequer Stock, 2,000-05					7,754,650
			7% National Loan, 1987-92				..	6,691,860
			7½% Exchequer Stock, 1973				..	1,809,384
			Ireland 7½% Stock, 1981-83					50,000
			Exchequer Bills			..	..	4,700,000
			4½% Land Bonds		..	..	..	191,375
Notes			4½% New Land Bonds			..	..	13,299
1. The figure of £137,509,300			4% Land Bonds		..	..	..	41,742
above includes £21,244,600			Bórd na Móna 6% Stock				..	8,005
in respect of the liability to Trustee Savings Banks.			Agricultural Credit Corporation Ltd. 3½% State Guaranteed
			Mortgage Stock, 1966-76				..	133,000
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, 1967, was (a) £151,677,369 and (b) £149,609,741.			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)		..	..	..	189,200
			Cork Corporation 3% Redeemable
			Stock, 1969-79		..	..	..	242,700
			Cork Corporation 5% Mortgage
			(31/12/75)		..	..	..	50,289
			3% Funding Loan, 1959-69				..	500,000
			3% Savings Bonds, 1960-70				..	400,000
			Ways and Means Advances to
			Exchequer		..	..	..	26,235,625
			Advances under the Local Loans
			Fund Acts, 1935-64			..	..	3,008,000
			Advances under Telephone Capital
			Acts, 1924-63		..	..	..	43,891,178
			Interest accrued but not due for
			payment (computed amount)				..	1,932,864
			Cash Balance		..	..	..	86,173
			Income Tax recoverable			..	..	1,925
			Deposit Account—Central Bank
			of Ireland		..	..	..	25,850,000
			Deposit Account—Bank of Nova
			Scotia	..	..	..	..	2,275,474

Department of Finance.	T. K. WHITAKER,
27th June, 1968.	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, 1967.

			£					£
Balance at 20th				Amounts paid to Banks
November, 1966	..	..	20,553,182	during the year			..	974,000
Amounts received from Banks during the year			1,420,000	Balance (inclusive of interest) due to Banks at the 20th November,
Interest credited to Banks in the year ended 20th				1967	..	..	..	21,828,482
November, 1967		..	829,300
£			22,802,482	£				22,802,482

V. STATEMENT showing in the case of each Bank the amount of the liability of the Government at the 20th November, 1967, 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	..	8,372,884	1,056	8,373,940	11,197
Dublin	..	9,712,954	3,318	9,716,272	21,021
Limerick	..	672,073	634	672,707	910
Monaghan		1,080,139	5,804	1,085,943	4,348
Waterford	..	1,990,432	7,119	1,997,551	10,759
Totals	..	21,828,482	17,931	21,846,413	48,235

T. K. WHITAKER,

Secretary.

Department of Finance.

27th June, 1968.

*The provision in the case of Trustee Savings Banks is for the year of account ended 20th November, 1967.

*Including in the case of Trustee Savings Banks, the interest payable for the year ended 31st December, 1967.