Joan Burton (Dublin West, Labour)
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Question 96: To ask the Minister for Defence the position regarding the insurance payment of €3.8 million arising from the loss of [i]Asgard II[/i]; and if he will make a statement on the matter. [1974/10]

Willie O'Dea (Limerick East, Fianna Fail)
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In the context of settling the Estimates for my Department for 2010, the Government decided that the national sail training scheme operated by Coiste an Asgard would be discontinued as recommended in the Report of the Special Group on Public Service Numbers and Expenditure. As a result of that decision, the sum of €3.8m representing the insured value of Asgard 11 has been transferred to the Department of Finance as Extra Exchequer Receipts.