Dáil Éireann - Volume 40 - 14 October, 1931 - Ceisteanna—Questions. Oral Answers.


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Dáil Éireann - Volume 40 - 14 October, 1931

Ceisteanna—Questions. Oral Answers. - Dormant Balances.

Mr. MacEntee Mr. MacEntee

Mr. MacEntee asked the Minister for Justice to state (1) the aggregate total amount, including accrued dividends, of the balances standing to credit of Suitors' Funds in Court and classified as dormant balances by the Accountant of the Courts of Justice; (2) to state when the last classification of balances under this head was made by the Accountant; (3) to state the aggregate total amount of these dormant balances at 31st March, 1923, and 31st March, 1914, respectively; (4) how much of these balances is held in cash and how much in securities; (5) in what securities are the balances invested, and the respective amounts invested in each; (6) by what officer are the dormant balances controlled; (7) whether the balances are subject to the audit of the Comptroller and Auditor-General; and (8) whether any of the dormant balances have been utilised for any purposes, and if so, to state the purposes.

Mr. Fitzgerald-Kenney Mr. Fitzgerald-Kenney

Mr. Fitzgerald-Kenney:

(1) The aggregate total amount on 30th September, 1931, was £432,102 15s. 1d.

(2) The 30th September, 1931.

(3) The respective amounts are £354,393 3s. 0d., and £247,573 13s. 0d.

[10] (4) & (5) As regards these questions, as there are a large number of figures, I Propose to have printed in the Official Report a statement giving the particulars asked for.

(6) The Dormant Blances are controlled by the Court.

(7) The answer is in the negative.

(8) Out of the General Cash Account of the Funds of Suitors a sum of £325,150 14s. 6d. cash was advanced from time under the authority of different Acts of the Parliament of Ireland and of the United Kingdom for such purposes as the building and improving of the Courts of Justice and Law Offices in Dublin, enlarging the Law Library, Housing of the Working Classes Acts, etc. As the Acts in question are numerous, I propose to have a list of them printed in the Official Report.

Following are the statements referred to:—

DORMANT BALANCES AT 30TH SEPTEMBER, 1931.
	£	s.	d.
Cash	204,200	15	11
New Consols	200,247	8	2
5 per Cent. National Loan, 1935-45	7,392	10	7
5 per Cent. War Loan	6,456	7	1
Guaranteed Land Stock	5,450	19	9
Guaranteed 3 per Cent. Stock	4,770	1	0
Guaranteed 2¾ per Cent. Stock	206	18	2
India 3½ per Cent. Stock	2,486	0	1
India 3½ per Cent. Stock	488	14	10
Bank of Ireland Stock	121	19	6
Great Southern Railways 4 per Cent. Debenture Stock	241	0	0
Grand Canal Company Stock	40	0	0
Aggregate Total	432,102	15	1

List of Statutes Authorising the Advance of Monies from General Cash Account of the Funds of suitors.

23 George III.	c.	22
30 George III.	c.	41
34 George III.	c.	6
2 William IV.	c.	32
4 & 5 William IV.	c.	68
4 & 5 William IV.	c.	78
6 & 7 Victoria	c.	55
13 & 14 Victoria	c.	51
31 & 32 Victoria	c.	88
8 Edward VII.	c.	61
1 & 2 George V.	c.	19

Dáil Éireann 40 Ceisteanna—Questions. Oral Answers. Dormant Balances.

Questions

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