I propose to take Questions Nos. 13, 29 and 40 together.
These shares, which were acquired at no cost, were in fact registered in the name of the Minister for Finance.
The shares were sold at their quoted market value, with a view to realising funds which would help to put the nation's finances in order. To date, their disposal has raised revenues of some £2.7 million.
The sale of these shares does not reflect a change of policy but rather a decision by the Government to dispose of certain surplus assets. Similar disposals are taking place in relation to other State assets, including property, the retention of which in public ownership does not serve a strategic purpose. The Government decisions to dispose of these assets were taken in the context of the 1988 budgetary position.
I do not think that a useful purpose would be served in endeavouring to provide meaningful financial data in relation to assets of the kind encompassed by the Government decision, whether held in my name or in the name of the Minister for Finance. The Deputies may be assured, however, that no assets will be sold otherwise than for their full value.