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Order of Business (18 Feb 2010)

Joan Burton: -----No.1. The day after tomorrow, €280 million of a dividend is due to the Irish taxpayers from the €7 billion invested in Bank of Ireland and Allied Irish Bank.

Order of Business (18 Feb 2010)

Joan Burton: It is included in the Revised Estimates of Government revenues for the year. This time last year, when a €3.5 billion investment was made in Bank of Ireland by Irish taxpayers, we were told it would yield a dividend of 8%. A total of €280 million is due on Saturday from the Bank of Ireland, while €280 million is due from the AIB in May.

Order of Business (18 Feb 2010)

Joan Burton: The Estimates being put forward do not acknowledge that this dividend has now vanished. Fianna Fáil Ministers, including the Minister for Defence, the Minister for Finance and the Taoiseach, occupied television and radio studios and told us that the €7 billion was an investment and would yield a dividend of €560 million. The Minister for Finance has acknowledged to me that this...

Order of Business (18 Feb 2010)

Joan Burton: I am totally in order.

Order of Business (18 Feb 2010)

Joan Burton: I want to address the issue-----

Order of Business (18 Feb 2010)

Joan Burton: I thank you for allowing me make my first point. My second point is this-----

Order of Business (18 Feb 2010)

Joan Burton: A Cheann Comhairle, I should invite you for a cup of coffee and we can discuss this peacefully. As it is, I will try to make myself heard.

Order of Business (18 Feb 2010)

Joan Burton: Both I and Deputy Bruton are particularly anxious to facilitate the Minister for Finance in respect of the allocation of time for the Finance Bill 2010. However, there is no need to have a time based motion on Committee Stage of the Bill. The committee is perfectly capable of doing its business and is anxious to facilitate the Minister for Finance. Putting in a time based motion is the use...

Order of Business (18 Feb 2010)

Joan Burton: The Tánaiste allowed that.

Order of Business (18 Feb 2010)

Joan Burton: For how long will the House be suspended?

Order of Business (18 Feb 2010)

Joan Burton: This is a different point.

Order of Business (18 Feb 2010)

Joan Burton: It is about procedure.

Order of Business (18 Feb 2010)

Joan Burton: It was not a Government decision, therefore.

Order of Business (18 Feb 2010)

Joan Burton: They are on your side.

Order of Business (18 Feb 2010)

Joan Burton: Has the Ceann Comhairle nothing to say to the Ministers?

Order of Business (18 Feb 2010)

Joan Burton: It affects your constituency, a Cheann Comhairle.

Order of Business (18 Feb 2010)

Joan Burton: In December 2008, a €500 million State-backed venture capital fund was announced. I have written to the Tánaiste on several occasions about this matter. She indicated discussions are ongoing between her Department and agencies such as the IDA, the Department of the Taoiseach and so on. St. Patrick's Day is approaching and I understood that Ministers going abroad at that time expected to...

Order of Business (18 Feb 2010)

Joan Burton: I thank the Tánaiste for her reply.

Order of Business (18 Feb 2010)

Joan Burton: I represent a constituency which is home to many high-tech industries. People are desperate to keep PhD researchers in Ireland.

Order of Business (18 Feb 2010)

Joan Burton: The Government has set aside €500 million.

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