MacSharry, Raymond

Wednesday, 2 November 1988

Dáil Eireann Debate
Vol. 383 No. 6

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Order of Business.

It is proposed to take Nos. 1, 6, 9, 10, 11, 14, 12 and 15. It is also proposed that the Dáil shall sit later than 9 p.m. tonight and business shall be interrupted at 10.30 p.m. It is further propose...More Button

The Government will make their decision in due course and will, accordingly, inform the Dáil.More Button

I do not know if the question is in order and if this is the relevant place in which to raise the matter but I should like to state that the Taoiseach has returned home after his illness, he is recove...More Button

If it is in order I should like to tell Deputy O'Malley that the Government have not yet received the report. Any delay in circulating it is only being added to by people like Deputy O'Malley.More Button

The Tánaiste and the Taoiseach have already said that this matter will be dealt with prior to the date in question, 15 December, in the Dáil. Mr. S. Barrett rose.More Button

We have given the answer.More Button

No legislation is promised on that. The Irish Times is not the Government.More Button

Multilateral Investment Guarantee Agency Bill, 1988: Second Stage.

I move: “That the Bill be now read a Second Time.” The purpose of the Bill is to approve the terms of the Convention establishing the Multilateral Investment Guarantee Agency, and to enable this count...More Button

One day at a time.More Button

National or international socialism?More Button

I was just wondering.More Button

Private Members' Business. - Multilateral Investment Guarantee Agency Bill, 1988: Second Stage (Resumed).

I should like to thank those who contributed to the debate. At the outset I did not think so many Members would be anxious to contribute and in their own way they all made important speeches. I shoul...More Button

He asked if the maximum amount and the call down amount would be £2.75 million and the answer is “yes”.More Button

No. Deputy John Bruton also asked if Irish companies could become involved and I should like to tell him that they can, through the Government, as is the case in other countries.More Button

No, but I do not think anybody will be aware of the position until the Bill is passed.More Button

I will deal with the questions of voting rights and what the investments mean for poorer countries later. Deputy De Rossa asked when the moneys would be paid and the answer is next year. He asked wh...More Button

MIGA is trying to overcome that problem in many instances throughout the world. Because these conditions do not exist, the investment opportunities are not taken. We have to try to encourage private...More Button

That is the position. Many countries represented at the World Bank and the International Monetary Fund are really anxious to encourage people to invest in their economies. This legislation will encou...More Button

That is true because we are confused by the Deputy's contribution.More Button

I listened to them here today so I will not have to read them.More Button

Certainly, I am here until 10.30 p.m. and so is the House. We have had a great deal of talk about official development assistance but I would like to put on record that we have honoured all our commit...More Button

I did not hear the Deputy say that today——More Button

In the Deputy's contribution to this debate he did not suggest any way in which we would find an extra pound to give to development aid. At the same time the same Deputies came along on this very nig...More Button

We have already done all we can in the context of budgetary adjustment policies that have been adopted since 1987 in all areas and this has necessitated a restrictive attitude to overseas development ...More Button

Private Members' Business. - Multilateral Investment Guarantee Agency Convention: Motion.

I move: That Dáil Éireann approves the terms of the Multilateral Investment Guarantee Agency Convention, a copy of which was laid before Dáil Éireann on 18th October, 1988. Question put and agreed to.More Button

Private Members' Business. - Multilateral Investment Guarantee Agency Bill, 1988: Committee Stage.

I take the point about the money. It is not coming out of the Foreign Affairs Vote, it is coming out of the Central Fund and there will be provision made for it in the budget.More Button

Yes, £275,000 is the amount that will be involved and will be paid next year. It is a capital item.More Button

It is not in the Vote for Foreign Affairs, it is coming from the Central Fund. We cannot accept this amendment because under the Bretton Woods Agreement Acts, 1957, which established Ireland's member...More Button

A couple of points were raised by Deputy Higgins in relation to Article 11 (a) (ii). The term “substantial benefit” means profits. In other words, a person will be in a position to repatriate his pr...More Button

Article 11 (a) (iv) encompasses the risk of war and civil disturbance. It is intended to include revolutions, insurrections, coups d'étât and civil or political events which are typically outside the...More Button

To give us discretion as to how we might do it.More Button

I have just been told that it is exactly the same language that is used in the Bretton Woods Acts. Section 3 (3) of the Bill states: The Minister may create and issue to the Agency, in such form as he...More Button

I do not think that is going to happen to this convention. In fact, this form of words is the one used on all such occasions. There is no difference between them.More Button

That is the form of words used in all such circumstances. I would refer the Deputy to article 7 where it says that: The initial subscription of each member shall be paid as follows: Within ninety da...More Button

That is from the convention. These are the forms of words used in all such circumstances and that is why they have been used here.More Button

I will check it out further with the draftsman and I will communicate with the Deputy, but I am advised that that is the way it should be.More Button

Article 18 (b) says: The rights of the Agency pursuant to section (a) above shall be recognised by all members.More Button

It is in the convention, and that is why it is used.More Button

The Deputy understands it, he does not need it defined. Question put and agreed to. Section 5 agreed to. SCHEDULE. Question proposed: “That the schedule be the schedule to the Bill.”More Button

I do not have the answer to that. It is something that the executive directors will have to decide. They are not ruled out at this stage. We have to wait and see if such commercial semi-State compan...More Button

Written Answers. - Employment Increase.

The Programme for National Recovery identified the size and burden of the national debt, high interest rates, the stagnation in productive investment over the previous five years and the erosion of ou...More Button

Written Answers. - VAT Refund on Farm Buildings.

I am advised by the Revenue Commissioners that a payable order for £3,636.36 in full settlement of his VAT repayment claim will be issued to the person concerned in the near future.More Button

Written Answers. - Overseas Development Aid.

The elements of overseas development assistance for which my Department has direct responsibility are Ireland's contributions to international organisations concerned in whole or in part with promoti...More Button

Written Answers. - Tax Rebate.

The Revenue Commissioners have advised me that the repayment claim in question is for the year 1987-88. The Commissioners will have the claim processed, and any refund due made as soon as possible.More Button

Written Answers. - International Financial Services Centre.

In relation to the first part of the Deputy's question, I have to date given certificates to seven companies under section 39B of the Finance Act 1980 (inserted by section 30 of the Finance Act 1987)....More Button

Written Answers. - Conveyancing in Financial Institutions.

I have made no statements on this matter, nor are there any proposals before me, at present, in this regard.More Button

Written Answers. - VAT Refund on Agricultural Products.

This is a matter for consideration in the 1989 budget, taking account of the various factors involved.More Button

Written Answers. - Government Department Decentralisation.

Under the current decentralisation programme, which is based on that originally formulated in 1980, approximately 200 staff of the Office of the Revenue Commissioners will transfer to Nenagh. An adve...More Button

Written Answers. - EC Special Border Programme.

Following are the amounts which have been allocated to tourism and craft projects under the European Regional Development Fund Special Border Areas Programme in each of the counties concerned. The a...More Button

Written Answers. - European Regional Funding.

Applications for assistance from the European Regional Development Fund are treated confidentially both by the European Commission and by my Department. It would not be appropriate, therefore, to pro...More Button

Written Answers. - Garment Industry Factories.

Neither my Department nor the Revenue Commissioners can trace representations about the matter referred to by the Deputy. If he will supply further details, I will have it investigated.More Button

Written Answers. - Gaming Licences.

The following is the information requested by the Deputy. Each of the premises listed has been regarded, for the purposes of the Gaming and Lotteries Act, 1956, as being within the administrative are...More Button

Written Answers. - Illegal Use of Metal Detectors.

The reports received by the Commissioners of Public Works and the National Museum of Ireland would indicate that, up to 1987, archaeological sites and national monuments were being interfered with pe...More Button

Written Answers. - Debtors' Prison (Dublin) Building.

It is the intention of the Commissioners of Public Works to offer these premises for sale when the legal considerations affecting the property have been resolved and the contract documentation finalis...More Button

Written Answers. - Booterstown (Dublin) Marsh Protection.

Booterstown Marsh, County Dublin, is in private ownership. I have no immediate plans to afford the marsh protection under the Wildlife Act, 1976.More Button

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