Vol. 402 No. 9
52 Mr. Spring asked the Minister for Finance if he will list the permissions granted by the Central Bank in respect of overseas investments by Irish individuals and companies in the years 1988 and 1989; and if he will make a statement on the matter.
53 Mr. Spring asked the Minister for Finance if he has satisfied himself that the overseas investments made by a person (details supplied) conform with all exchange control regulations; if loans made by that person which have ended up in a Cyprus bank also conform with such regulations; and if he will make a statement on the matter.
I propose to take Questions Nos. 52 and 53 together.
As confidentiality is of paramount importance in dealings with persons and companies in matters relating to exchange controls, it would be inappropriate for me to release information about individual cases.
Estimates of direct and portfolio overseas investments by Irish residents in 1988 and 1989 are as follows:
|
1988 |
1989 |
|
|
£ million |
||
|
Direct Investment |
533 |
593 |
|
Portfolio Investment |
144 |
1,137 |
