Ministers, parliamentary secretaries declare assets

Ministers and parliamentary secretaries published their declarations of assets yesterday, with parliamentary secretaries Tony Abela and Edwin Vassallo and minister Austin Gatt appearing to be the most well-off and ministers George Pullicino, Jesmond Mugliett and Michael Frendo and parliamentary secretary Carmelo Mifsud Bonnici at the other end of the scale.

Prime Minister Lawrence Gonzi declared a residence, an office, a plot of land and Lm42,000 in bank deposits.

Deputy Prime Minister Tonio Borg declared the ownership of half his residence, part ownership of seven rented properties, €30,000 and US$40,000 in bank deposits, 4,800 ordinary shares in HSBC Bank (Malta), 800 shares in Borg et Fils Ltd, 2,267,393 units in La Vallette Sterling Income Fund, €20,000 in equity linked investment and 6,051.44 units in the Valletta Fund Management International Property Fund. He said he had a loan of Lm17,563.

Education Minister Louis Galea declared ownership of two properties and £6,000 and Lm6,500 in bank deposits.

Tourism Minister Francis Zammit Dimech declared ownership of a studio flat, a constituency office and a share in a Valletta store, Lm16 in bank deposits and Lm30,337.60, €25,524.57 and $5,965.90 worth of shares. He had an outstanding loan of Lm10,980.

Competitiveness Minister Censu Galea declared ownership of a residence, two other properties, two garages and a grave, 994 Bank of Valletta shares, two life insurance policies in his name and another in his wife's name and bank deposits in his, his wife's and his children's names amounting to Lm16,530.14 and €29,647.53. He said he was owed Lm6,500 and he owed Lm4,084.10.

Resources Minister Ninu Zammit said there was no change from what he declared in 2005 in his property. He also declared 249 "A" shares in Leni Ent. Ltd, 1,000 HSBC Ordinary shares, Lm20,000 in an equity linked deposit account, 829 HSBC Euro Fund units, 33,7263 Malta Government Bond Fund units and a bank deposit of Lm2,464.39.

Gozo Minister Giovanna Debono declared ownership of two properties and a ground floor tenament, 100 square metres of land and a bank deposit of Lm30,000. She has a loan of Lm4,000.

Health Minister Louis Deguara said there was no change in his property from what he declared last year. He also declared a bank deposit of Lm15,000.

Government Investments Minister Austin Gatt declared ownership of a summer residence, a flat, a half share in his residence, six rented properties and a vacant building. He declared 144 Middle Sea Insurance shares, 194 Lombard Bank shares, 1,000 Maltacom plc shares, 1,000 Malta International Airport shares, 1,000 Simonds Farsons Cisk shares, 4,378 Bank of Valletta shares, 1,650 San Tumas Shareholding Co. Ltd shares, 8,000 HSBC shares, an invstment of Lm17,900 in several Matla Government Stocks, Lm2,100 in Eden Finance Bonds, £1,100 treasury stock, 1,172 units in La Vallette Malta Fund (Accumulator), 2,000 units in La Valette High Yield Fund, 12,509 units in La Vallette Capital Growth Fund, 4,937 in the Wignacourt Malta Fund (Accumulator) 4,423 units in the Vilhena Top 100 fund, three life insurance policies and a bank deposit of Lm58,151.

Environment Minister George Pullicino declared a half share in a flat used as a residence, bank deposits amounting to Lm1,200 and outstanding loans amounting to Lm12,574.81.

Roads Minister Jesmond Mugliett declared a residence, 250 Lm1 shares in Sant and Mugliette Ltd, and bank deposits amounting to Lm2,065.43. He has outstanding loans amounting to Lm11,974.

Social Solidarity Minister Dolores Cristina declared ownership of a residence and Lm23,000 in bank deposits. She has an outstanding loan of Lm1,000.

Foreign Minister Michael Frendo declared his wife's property as residence and another three properties, 2,640 Bank of Valletta shares, 125 GFT shares, 125 E-Tech Ltd shares 240 EuropAdvise Ltd shares and a bank deposit of Lm3,590.38. He has an outstanding loan of Lm120,068.

Parliamentary Secretary Tony Abela declared ownership of a residence, two flats and three garages and two thirds part of another, an office, a third of a house, agricultural land and a share in several other properties inherited from the late Dr Salvatore Abela. He also declared 6,060 shares in Thems Ltd, 3,050 shares in Maltacom plc, 3,600 shares in MIA, various insurance policies, bank deposits amounting to Can $108,000, Aus$178, £217,392 and Lm39,307.59 and various office accounts run by office staff. He said he was owed Lm409,000 and had loans and an overdraft amounting to Lm363,984.82.

Parliamentary Secretary Tonio Fenech declared a residence, a garage and a flat, 1,094 BoV shares, 5,000 in several Malta Government Stocks, shares and bank deposits amounting to Lm30,102.

Parliamentary Secretary Carmelo Mifsud Bonnici declared two properties and a share of another, 1,308 Simonds Farsons Cisk shares and a Lm1,000 credit with Sprachcaffe Co. Ltd for legal services. He has an outstanding loan of Lm9,364.64.

Parliamentary Secretary Edwin Vassallo declared ownership of a house, a retail outlet and an overlying apartment and bank deposits amounting to Lm87,144.

Parliamentary Secretary Helen D'Amato declared a residence, another property and part of another, 520 Bank of Valletta shares, 1,000 shares in Wignacourt Funds Sicav πlc and the following shares in her and her husband's name: 7,213 La Vallette European Opportunities Fund, 1,340 La Valette Malta Fund, 500 Malta Internatioanl Airport, £4,945 ELDA (HSBC) and £5,000 CSGF (HSBC). She also declared bank deposits amounting to Lm1,000.

Parliamentary Secretary Francis Agius declared six properties, agricultural land and Lm27,000 in bank deposits. He said he had an APS loan account.