In view of the fact that the Estimates were reduced by £9 million on the capital side regarding the IDA, and in view of the fact that they were committed to in excess of 11 per cent more than the budget which is now allocated to them for projects which they had approved for grant-aid, what is the Minister's opinion on what the IDA must now do? Must they reduce the aid which they had promised, or slow down the rate of grant-aid to those industries which are involved?

I have to reject what the Deputy says in relation to the cutting down of any projects which are suitable for industrial aid. I might also tell the Deputy and the House that my information, both from the Department and from the IDA, does not suggest anything in line with what the Deputy says. If I heard him correctly, he said they had 11 per cent more approvals than they had allocations to deal with them. That is not the position.

I understood that at the end of the year £153 million was allocated in capital grants to industry and what was provided for in the budget was £136 million.

I am not aware of an allocation of £153 million having been made, either by the previous Government or by anybody else, in relation to the IDA. I remind the Deputy that when work starts on departmental Estimates every sector and every agency put up their estimates of their requirements. It is then a matter for re-examination and reassessment. The fact that the IDA were cut down by £9 million will not inhibit in any way, good, bad or indifferent, the promotion of industrial expansion this year.