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Dáil
‹ Ceisteanna—Questions. Oral Answers. - Insurance Compensation Fund.

PMPA Investors’ Prospects of a Refund

Summary

Treacy asked what prospect PMPA investors had of recovering their money; the Ceann Comhairle ruled this a separate question and moved on without an answer.

Arising out of the Minister's earlier reply and in view of his statement that £30 million has been given from this insurance compensation fund to the PMPA and also out of his statement that he sanctioned an increase of up to 50 per cent in premiums to that company, could he now indicate to the House what hope there is for the many distraught investors in the PMPA of any reasonable refund of the money that they invested in the company prior to their going into administration?

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Thomas J. Fitzpatrick An Ceann Comhairle Fine Gael

That is a separate question.

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It is relevant——

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Thomas J. Fitzpatrick An Ceann Comhairle Fine Gael

I am ruling——

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——to the actual facts regarding the fund.

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Thomas J. Fitzpatrick An Ceann Comhairle Fine Gael

We cannot discuss each and every facet of the PMPA on this question. I call Question No. 11. Would the Minister please answer that question?

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Are we to be satisfied that the Minister is not answering questions which are relevant to these moneys? That is very unfair.

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