Results 8,261-8,280 of 8,392 for speaker:Mark Daly

Seanad: National Asset Management Agency: Statements (26 May 2009)

Mark Daly: The valuation will be a key issue and we will have to be more than transparent. If it is seen that we are giving too much, the cry will go out from the media that we are trying to give money to the developers when we should be giving them less. There are a number of valuation methods on which I am sure Senator Coghlan could educate the House far more than I. The comparison method is no...

Seanad: National Asset Management Agency: Statements (26 May 2009)

Mark Daly: The residual valuation method is another way to proceed or the rental value, which would be another-----

Seanad: National Asset Management Agency: Statements (26 May 2009)

Mark Daly: There are guidelines but do we employ an army of valuers to go around the country trying to value these properties? We cannot give a "one size fits all" valuation because the valuation for undeveloped development land will not be the same for commercial property on Grafton Street but we must come up with some method because we cannot afford to spend millions of euro on valuers' fees and go...

Seanad: National Asset Management Agency: Statements (26 May 2009)

Mark Daly: It seems Senator O'Toole will be voting for Fianna Fáil's return to Government very shortly and not only do we have a challenge to-----

Seanad: National Asset Management Agency: Statements (26 May 2009)

Mark Daly: Not only do we have to explain to the citizens and taxpayers how NAMA will work but the Irish Independent of 19 May tells us that we will also have to explain it to Deputy Eamon Gilmore-----

Seanad: National Asset Management Agency: Statements (26 May 2009)

Mark Daly: -----because for the past few months he has been unaware we were to take over the good loans the banks had as well as the bad loans. He stated it was astonishing that the Taoiseach told the House that NAMA, which was originally set up to take over distressed loans, would include performing loans. This was a revelation.

Seanad: National Asset Management Agency: Statements (26 May 2009)

Mark Daly: He did not know that and he has been giving out about NAMA and the Government's policy over recent months since we introduced the concept. When one discusses the Labour Party as the alternative government along with Fine Gael, it is well to be aware that not only are its members not reading the fine print, they are not reading the big print either. NAMA has come about because of the...

Seanad: National Asset Management Agency: Statements (26 May 2009)

Mark Daly: One could take vengeance on them too but ultimately the taxpayer will end up paying because-----

Seanad: National Asset Management Agency: Statements (26 May 2009)

Mark Daly: What we have to consider is how best to maximise the assets we will acquire. If we force the developers out of existence those half-finished projects will never see completion.

Seanad: National Asset Management Agency: Statements (26 May 2009)

Mark Daly: Often we have seen that the private sector can do a job more efficiently than the Office of Public Works. That is an issue that arose in the United States when it faced a similar problem a number of years ago where initially rather than taking down-----

Seanad: National Asset Management Agency: Statements (26 May 2009)

Mark Daly: Senator Coghlan and I can have a discussion about it in the bar afterwards.

Seanad: National Asset Management Agency: Statements (26 May 2009)

Mark Daly: Initially, rather than taking down the developers, which people wanted to do, they had to work with the developers to maximise the value. Senator O'Toole touched on another issue, and I will declare an interest because I am a former auctioneer. I am sure Senator Coghlan has done so already.

Seanad: Order of Business (26 May 2009)

Mark Daly: I remember a comment made to me two years ago by a priest when there was an emergency meeting of his order about a child abuse case that had come to light. He was relaying a comment made by another priest of the order to the effect the order would be all right; not that it would look after the children or ensure they would get help, but that the institution and the religious order would be...

Seanad: Order of Business (26 May 2009)

Mark Daly: -----that could help vulnerable children. We cannot provide those services because we must pay for past abuses. CORI and the religious orders continue to perpetuate the abuse of children because we cannot afford to help the vulnerable. I look forward to tomorrow's debate, of which there should be at least five such debates. CORI is so out of touch with the people that it does not realise...

Seanad: Organic Food Industry: Statements (20 May 2009)

Mark Daly: I welcome the Minister of State. He is responsible for this important sector of the Irish food industry. We would be fooling ourselves if we were to believe that Ireland can compete with countries like Brazil, New Zealand and Argentina when it comes to food production. We do not have the economies of scale that exist in the United States. We do not have the factory farms that are probably...

Seanad: Organic Food Industry: Statements (20 May 2009)

Mark Daly: In that case, I will mention him by name. The chairman of the group, Councillor Johnny "Porridge" O'Connor, is doing good work. I hope the porridge in question is organic. He is trying to encourage hotels and restaurants in County Kerry to offer an organic menu. That would be an example of added value. People often come to County Kerry for the food. They get great food in Kenmare and...

Seanad: Organic Food Industry: Statements (20 May 2009)

Mark Daly: That is fine. I will cede the floor.

Seanad: Companies (Amendment) Bill 2009: Committee Stage (20 May 2009)

Mark Daly: I move: That Seanad Éireann acknowledges and welcomes international endorsement of the Government's overseas aid programme. Much of the debate on the overseas aid budget is concentrated on the commitment to reach the target of 0.7% of gross national product by 2012. Sweden, when it experienced economic difficulty in 1992 and had to consider restructuring its banking system after its...

Seanad: Companies (Amendment) Bill 2009: Committee Stage (20 May 2009)

Mark Daly: We are taking our cue from Sweden and other countries. While we would demand more for less, we have no doubt that a cut in budget has an effect on other people. We do not want to be the Lord Trevelyans of this time. However, what is more pressing than overseas aid budgets, as our learned friends in the NGOs are aware, is our trade policies with developing countries. These have a more...

Seanad: Companies (Amendment) Bill 2009: Committee Stage (20 May 2009)

Mark Daly: Jerry-----