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Dáil
‹ Ceisteanna—Questions Oral Answers - Ministerial Shareholdings.

Taoiseach’s Abbey Theatre shareholding

Summary

The Taoiseach holds 30 £1 shares in the Abbey Theatre, representing part of its £3,050 total shareholding. The investment is not overseen by the Joint Committee on Commercial State-sponsored Bodies; Nealon was unaware of another committee responsible and said he would consider a committee submission, while expressing little enthusiasm for the proposal.

asked the Taoiseach the number of companies other than those coming within the ambit of the Joint Committee on Commercial State-sponsored Bodies in which he has a minority shareholding.

Comment on this
Nuala Fennell Minister of State at the Department of the Taoiseach (Mr. Nealon) Fine Gael

The Taoiseach holds 30 "D" ordinary shares of £1.00 each in the National Theatre Society Ltd. (Abbey Theatre).

Comment on this

Did the Minister give a percentage?

Comment on this

The total shareholding is £3,050.

Comment on this

Is that the total shareholding of the company?

Comment on this

Yes.

Comment on this

Do the Department of the Taoiseach hold those shares?

Comment on this

No, the Department hold 30 ordinary shares.

Comment on this

Which committee of the House does this investment by the State come under, if any? It does not come under the Joint Committee on Commercial State-sponsored Bodies. I should like to know if any committee deals with that investment.

Comment on this

I have a list of the companies that come under the Joint Committee on Commercial State-sponsored Bodies and it is not included.

Comment on this

I am aware of that but does the investment come under any committee of the House?

Comment on this

I am not aware of any committee that it comes under. The funding comes from the Arts Council.

Comment on this

Will the Minister agree that all State investment in companies should come under some Joint Committee of the House?

Comment on this

That is a matter for consideration.

Comment on this

Will the Minister consider that?

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I do not see any particular advantage in the suggestion but if the Joint Committee would like to have a look at the investment I will consider their submission.

Comment on this

I am tempted to make some remark about the crowd of actors on the Government side but I will refrain from doing so.

Comment on this