From the Deputy's suggestions it is obvious that the Deputy does not know what he is talking about. I propose to read out a statement and when Deputy Corry reflects on the information I shall give he will realise that he has got the wrong end of the stick. I shall now read out this statement:—
"In calculating the probable amount of flour subsidy payments in any financial year, account is taken of the probable receipts by flour millers from their sales of wheaten offals. When, as happened in March last, it becomes necessary to present a Supplementary Estimate for flour subsidy, the estimated receipts from offal sales are revised in the light of any price changes which may have occurred during the financial year.
Receipts from sales of offals are calculated on an estimated average weekly output of 1,700 tons of offals. By applying to this figure the price increases above £20 per ton which occurred subsequent to September, 1954, for the periods during which the various increases operated, it was calculated that the probable total receipts from offal sales in the financial year 1954-55 would be approximately £170,000 more than was originally estimated, and the supplementary sum required for subsidy payments in that year was abated accordingly. It must be emphasised, however, that the figure of £170,000 was only an estimate based on the best information available at the time and for the purpose only of calculating the probable amount of payments on account of subsidy likely to fall due in the financial year.
Particulars of actual receipts by millers from offal sales could be got only by an examination of the millers' accounts. As indicated in the reply to the Deputy's question, these accounts do not show separately the amounts derived from sales at different price levels, and so it would not be possible to indicate the extent to which increased receipts in any particular period might be due to higher offal prices rather than to a greater volume of sales.
Adopting the same basis as that used in estimating the probable amount of subsidy payments in the financial year 1954-55 the increased receipts by millers from sales of wheaten offals from September 1954 to August 1955 have been calculated to amount to £431,000; and for the period from September 1955 to the 1st February 1956 to £186,000.
It must again be pointed out, however, that these figures have been computed and depend for their validity on the following assumptions:—
(1) that the output of offals remained constant at 1,700 tons per week over the entire period;
(2) that the entire output of offals was sold each week, and;
(3) that there was no time lag in giving effect to price changes, and that each week's output was sold at the price ruling for that week."
I think that statement should help Deputy Corry in any further question he wants to frame.
The Dáil adjourned at 10.45 p.m. until 3 p.m. on Thursday 16th February, 1956.