This deals with ship-building and the repair of ships. It effects no change in the law. It simply transfers existing legal provisions into corporation tax.

Does paragraph (b) of subsection (1) have the effect of enabling building and repairing of all ships to be regarded as export even though they are in fact done for Irish companies?

Yes.

So the entire ship manufacturing industry is deemed as export?

Yes.

And repairs to ships?

Yes.

Even when they are Irish ships?

Yes.

I am interested to hear that. I certainly do not object to it, because it shows that presumably similar concessions could be made available to other industries if it was thought necessary or desirable to do it in relation to ships, as I suppose it was in 1967 or whenever this was passed originally. There is no reason why it could not be done for other things.

You would want to do it with the textile trade.