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Written Answers — Department of Agriculture, Food and the Marine: Agriculture Schemes Applications (2 Apr 2015)

Pearse Doherty: 107. To ask the Minister for Agriculture, Food and the Marine in relation to the national reserve scheme, if he will provide details as to the action that will be taken in instances where minor errors or omissions may be present on applications; if such circumstances are grounds for the rejection of an application; and if he will make a statement on the matter. [13704/15]

Written Answers — Department of Health: Hospital Appointments Administration (2 Apr 2015)

Pearse Doherty: 165. To ask the Minister for Health when a person (details supplied) in County Donegal will receive an appointment at Galway University Hospital; and if he will make a statement on the matter. [13701/15]

Written Answers — Department of Environment, Community and Local Government: Commercial Rates (2 Apr 2015)

Pearse Doherty: 238. To ask the Minister for Environment, Community and Local Government in view of the recommendations contained in the inter-agency working group report on job creation and new enterprise opportunities on the Gaoth Dobhair business park in County Donegal, in which a new scheme to reduce the burden of commercial rates payable by enterprise was advocated, his plans to introduce such a scheme;...

Written Answers — Department of Communications, Energy and Natural Resources: National Broadband Plan Implementation (2 Apr 2015)

Pearse Doherty: 256. To ask the Minister for Communications, Energy and Natural Resources in view of the recommendations contained in the interagency working group report on job creation and new enterprise opportunities on the Gaoth Dobhair Business Park, County Donegal, in which the prioritising of the North West Donegal Gaeltacht within the National Broadband Plan was advocated, his plans to prioritise the...

Written Answers — Department of Transport, Tourism and Sport: Road Projects Status (2 Apr 2015)

Pearse Doherty: 272. To ask the Minister for Transport, Tourism and Sport in view of the recommendations contained in the inter-agency working group report on job creation and new enterprise opportunities on the Gaoth Dobhair Business Park in County Donegal, in which the development of the N14/A5 road project was endorsed, his plans to advance and fast-track the project; when he expects construction to...

Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)

Pearse Doherty: Cuirim fáilte roimh Mr. Moran. I was looking at The Irish Timespiece that Mr. Moran had in 2008 looking forward to 2009, when the podcast went off. I am not being paid by The Irish Timesto do that deliberately. It is the second time it has happened, so my apologies. Mr. Moran has said that in 2005 he suggested to his clients to sell and not buy at that point in time. Clearly they...

Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)

Pearse Doherty: If we consider the peak year of 2006, some €3.6 billion worth of transactions took place in Ireland. How many individuals or syndicates were involved in those transactions?

Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)

Pearse Doherty: Mr. Moran stated that people were interested in stoking up the property market. The figures he provided indicate that a small number of individuals or syndicates were involved in the transactions in question. How could it have been in their interests to continue to invest when the suggestion was that the market was overheated?

Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)

Pearse Doherty: Mr. Moran mentioned the fact that very little, if any, purchasing was done through the medium of cash and that lending was very much bank led. We know that €3.6 billion was spent here by Irish investors in 2006. However, large multiples of that amount were invested outside of the jurisdiction. Will Mr. Moran outline the type of investments involved in that regard?

Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)

Pearse Doherty: Am I correct in stating that Irish investors invested approximately twice as much in the UK property market as they did in the Irish property market?

Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)

Pearse Doherty: In Mr. Moran's experience, would that have been funded by Irish-based banks?

Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)

Pearse Doherty: Mr. Moran referred to his firm's responsibility to its clients and also to the financial institutions. What is his opinion regarding the financial stability update issued in 2007 which stated that when loans relating to commercial properties fall into arrears, banks expect to write off 60% of the money involved whereas the level of write-off in the context of residential properties is 18%?...

Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)

Pearse Doherty: To whom in official circles did Mr. Moran's firm offer its opinion?

Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)

Pearse Doherty: I thank Mr. Moran.

Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)

Pearse Doherty: Cuirim fáilte roimh an tUasal Hunt chuig an coiste. I believe that at the previous meeting, I may have taken her name in vain when I was talking about the financial stability update in 2007. It was of course authored by Ms Maria Woods and not by Ms Hunt. In her statement, Ms Hunt mentions that 100% of the investment spending in Ireland in commercial property for the period between...

Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)

Pearse Doherty: How many investors are we talking about over that period?

Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)

Pearse Doherty: For example, information for 2006 was provided to the committee indicating that there were 121 transactions, which equated to €3.6 billion of investment. Some of those transactions may be the same individuals or they may be syndicates. Is any information available as to the number of investors? Would it be fair to assume that some who invested in 2004 are the same individuals who...

Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)

Pearse Doherty: Over what period?

Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)

Pearse Doherty: It is a small market. For 2006, therefore, and this is Ms Hunt's guesstimate, of the 121 transactions we are talking about 50 or 60 individuals or syndicates.

Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)

Pearse Doherty: In Ms Hunt's experience is the 50 or 60 investors in 2006 the same or what portion of them were the same investors in 2005 and 2004, for example?

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