Ceisteanna—Questions. Oral Answers. - EEC Payments.

120.

asked the Minister for Finance the payments that were made under various headings to the EEC during Ireland's first year of membership; and the grants and subsidies that were received by Ireland in return from the various EEC funds such as the Agricultural Fund, Regional Fund, Social Fund.

The payments that were made amounted in total to £6.1 million under the various headings as follows:—

£m.

Budget of the European Communities

5.306

European Investment Bank

0.768

European Coal and Steel Community

0.011

EURATOM Supply Agency

0.001

£m.

——

6.086

The subsidies and grants that were approved amounted to £40.8 million from the various funds as follows:—

Agricultural Guidance and Guarantee Fund—Guarantee Section

36.671

European Social Fund

4.085

Community Research and Development Programme

0.020

£m.

——

40.776

The Community Regional Fund has not yet been established.

Is the Minister saying that the total amount of money available to this country from our membership of the EEC is £40 million?

In the first year.

Some of the Minister's colleagues were wrong when they stated that the income would be £60 million.

We anticipate that sum for 1974.

Was that sum for the nine months of this year?

No, I have given the figures for 1973.

I am arguing about the statement made——

The Deputy may not argue at Question Time.

——that the income from the EEC would be £60 million.

Sin ceist eile.

Question No. 121.