LABOUR—NATIONAL INDUSTRIAL SAFETY ORGANISATION, EXTRA REMUNERATION
7 November, 1978
Committee of Public Accounts,
I enclose two informational notes which I undertook to transmit to the Committee following the proceedings in regard to the above Vote on 19th instant. I would be glad if you would transmit these to the Chairman of the Committee for me.
Department of Labour.
NATIONAL INDUSTRIAL SAFETY ORGANISATION
In the context of the State grant not having been paid to NISO from subhead K in 1976 the Committee expressed an interest in being informed as to what reserves NISO possessed and what the Organisation spent during 1976.
The Accounts of NISO were not prepared on a calendar year basis before 1976. On 31st March, 1976 which is the nearest date to 1st January, 1976, for which information is available, the Organisation had investments totalling £31,297 on hands. Current assets and fixed assets totalling £3,064 additionally.
During the nine months ended 31 December, 1976, NISO derived an income of £6,686 from membership subscriptions, interest, etc. and expended £23,240.
At the end of 1976 the Organisation’s investments totalled £18,422.
Subhead A. 1
Overtime payments ranging from £2.61 to £1,381.87 were made to 148 persons in 1976.