Noel Rock (Dublin North West, Fine Gael) | Oireachtas source

I am conscious that this type of questioning about market-to-market accounting is really for the accounting specialists within the Department itself.

On a point that Ms Murphy made, ultimately when there is an operation such as one under Part V, the money does not disappear. It comes from reducing the value of the price of the land when it is bought initially. The person who pays that is the landowner. I am not objecting to this as I believe it should be done that way. Theoretically, land prices should be really low. They are really just evidence of scarcity. The way to solve that problem is to manage the process of land administration properly and to have a supply of land on the market regularly that meets the demand. The trouble in our country is that this requires resources. Deputy Casey made the point that it is the infrastructure that is crucial. The land is available but it is the infrastructure that is crucial.