Noel Dempsey (Meath, Fianna Fail)

It depends on the valuation of the company. Too high a gearing would not be allowed because the shareholders would have to have final approval and if the gearing was too high, it would be refused. That is the safeguard that is in place and, in addition, the directorate would have responsibility. The norm in these matters is roughly a 50% to 60% gearing.

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