Seanad debates

Thursday, 14 April 2005

Investment Funds, Companies and Miscellaneous Provisions Bill 2005: Second Stage.

 

12:00 pm

Photo of Terry LeydenTerry Leyden (Fianna Fail)

Its fundamental goal is to ensure continuity, consistency and reliability in the governance of this country. It has an abundance of good Ministers and Ministers of State at present, including the Minister of State, Deputy Michael Ahern, who is an accountant. He has introduced excellent legislation and done a great deal of practical work since he was appointed to the Department of Enterprise, Trade and Employment. He has shown a steady hand. I wish him continued success in that Department. Having worked in the Department for four years, when it was known as the Department of Industry and Commerce, I am aware that its staff are of the highest standard, particularly in its trade section. This country enjoyed phenomenal growth when I was Minister of State with responsibility for trade. I never had to rely on external agencies to provide advice or public relations, because the Department was well served for such services when I was there. I cannot understand why outside agencies are sometimes used when the best experts in Ireland are working for the Department.

I hope the Bill, which is supported by all sides of the House, will be unanimously adopted. The House should try to complete its Committee Stage consideration of the legislation as quickly as possible so that it can be passed into law.

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