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Dáil
‹ Ceisteanna—Questions Oral Answers - Ministerial Shareholdings.

Ministerial shareholdings and committee remit

Summary

Bruton disclosed minority shareholdings in Kilkenny Design Workshops and SFADCo. He said he might consider bringing Kilkenny Design Workshops under the committee’s remit, but saw no case for including SFADCo; members disputed the point.

asked the Minister for Industry Trade, Commerce and Tourism the number of companies other than those coming under the ambit of the Joint Committee on Commercial State-Sponsored Bodies in which he has a minority shareholding.

Comment on this
John Bruton Mr. J. Bruton Fine Gael

I have a minority shareholding in two such companies——

Comment on this
Ray Burke Mr. R. Burke Fianna Fáil

Including the National Development Corporation——

Comment on this
John Bruton Mr. J. Bruton Fine Gael

——namely, Kilkenny Design Workshops Limited and Shannon Free Airport Development Company Limited.

Comment on this

That mythical corporation.

Comment on this

The Minister mentioned two companies in which he has a shareholding which do not come under the control of the Joint Committee on Commercial State-Sponsored Bodies. Would he consider including those two companies in the remit of that committee, although I appreciate that this is a slightly different situation?

Comment on this
John Bruton Mr. J. Bruton Fine Gael

Both bodies referred to are not mainly commercial in their operations. They are essentially service organisations. Kilkenny Design Workshops Limited would be more commercial in their operations than SFADCo and I would hope it would evolve even more in a commercial direction as time passes. At an appropriate stage I would be prepared to consider giving the committee in which the Deputy is involved a remit in respect of Kilkenny Design Workshops Limited. However, I do not see a case for doing this in respect of SFADCo.

Comment on this
Thomas J. Fitzpatrick An Ceann Comhairle Fine Gael

I am calling the next question.

Comment on this
John Bruton Mr. J. Bruton Fine Gael

The Deputy does not understand the terms——

Comment on this
Ray Burke Mr. R. Burke Fianna Fáil

I understand very much, having been involved in this area.

Comment on this