Arthur Morgan (Louth, Sinn Fein)

I move amendment No. 1:

In paragraph 2, to delete all words after "funding and infrastructure gaps" and substitute the following:

"calls for the establishment of a Strategic Investment Bank (SIB) and a new residential lending bank under the remit of a fully nationalised AIB. The SIB section of this bank will have a primary function of investing in and loaning to viable business; providing the seed corn for start-ups; and extending credit to viable SMEs. All profits, outside the working capital required, made by the nationalised bank will be paid as dividends into the Exchequer."

I thank the Labour Party for sharing time with me. I do not know whether I am pleased to confirm what I always suspected, that is, that Deputy Penrose is a snob. Imagine having a three-legged stool; I used to have to put straw on the floor and kneel on it. Having a stool of any kind was high and mighty from where I came.

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