John Paul Phelan (Fine Gael)

I move amendment No. 5:

In page 13, subsection 3(b), line 11, after "policies" to insert "and the number of such policies".

The Minister of State, Deputy Gallagher, stated earlier that one of the financial institutions holds 500,000 policies under the value of €500. In light of that startling figure it would be appropriate that any advertisement published would contain the number of unclaimed life assurance policies. If a figure of the magnitude of 500,000 policies for one company is mentioned – this adds up to a vast number when one considers all the companies involved – many people would investigate the possibility of an outstanding policy. It is for that reason that I propose the amendment.