Credit unions and cultural institutions Bills
Gerry Adams asks about credit-union regulations and legislation governing national cultural institutions and their deteriorating collections; the Taoiseach explains the Central Bank’s independence and promises information on the Bills.
Tá ceist amháin agam faoi the credit unions and co-operation with overseas regulators legislation and ceist eile faoi the national cultural institutions (No. 1) and (No. 2) Bills.
The Central Bank has introduced new regulations which impose restrictions on credit unions. The credit union movement is a social movement which contributes greatly to our society. The regulations contained in the restrictions that have been brought forward by the Central Bank must be signed into a commencement order by the Minister for Finance. He is expected to do this next month. Numerous credit unions and the Irish League of Credit Unions have raised serious concerns about the enactment of these sections. Will the Government pause the imposition of these regulations and reassess the commencement orders the Minister for Finance is due to sign?
Regarding the national cultural institutions (No. 1) and (No. 2) Bills, the decision to merge the National Library, the National Museum and other bodies into a single advisory council has been widely criticised. It was all about saving money, not about protecting the cultural heritage of our people. We see the impact of this and of the cuts in the letter from the-----
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Sorry, we are not dealing with cuts on the Order of Business. Please deal with the legislation.
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The Taoiseach knows that important collections are deteriorating. These include historical Gaelic manuscripts as well as material from acclaimed writers such as James Joyce, Seamus Heaney-----
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Other Deputies are waiting to contribute and we are already eight minutes into the Order of Business.
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I have only been on my feet for one minute, and I always keep my questions short.
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The leader of Fianna Fáil was on his feet for five minutes.
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I asked questions on legislation.
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The National Library also holds the correspondence between H-block hunger strikers and those supporting them outside the prison. These are important documents. The Bills are to revise and update the governance-----
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It is a Joycean stream of consciousness, a Cheann Comhairle.
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The Bills are the national cultural institutions (No. 1) and (No. 2) Bills, which I named when I commenced my question-----
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-----had you been listening, a Cheann Comhairle. What I want to know is-----
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I do not have to listen to speeches. I am here to keep order in the Chamber. That is my job, and I ask you to respect that job and respect other Deputies who are waiting to speak as well.
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I wish you well and I always co-operate with you, a Cheann Comhairle.
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When does the Government plan to address these serious issues and publish these two Bills?
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In respect of the Central Bank and the credit unions, the Deputy is aware that the Central Bank regulates the credit unions as an independent regulator, without interference from the Minister for Finance and his Department. The Government regards the work of credit unions and the services they offer as a fundamental issue for our country and society in general. The credit unions are well respected by ordinary people. Obviously, some changes have been made due to certain instances that arose. The Central Bank will make its recommendations and the Minister will oblige. He will deal with that in the next couple of weeks.
The Deputy mentioned two national cultural institutions Bills. I do not have a date for them but I expect they are due to be dealt with in the first half of next year. Regarding the current issue, the Minister, Deputy Heather Humphreys, was able to stabilise and increase funding in both 2015 and 2016 for the national cultural institutions. They have had some difficult years. She provided €2 million in once-off funding in the 2015 Estimates for the cultural institutions and €600,000 of that was allocated to the National Library. Additional money has been secured for 2016. I expect the Minister, Deputy Heather Humphreys, to deal with that matter and the Deputy's question about the quality of the accommodation, the storage and so forth for the historical documents in the short period ahead.