Before I reply to that, I wish to indicate to Deputy O'Keeffe that in the last report to which I referred, annual company formations were in excess of 14,000 since 1989, so we are talking about a fairly large number of new companies each year.
I agree with Deputy McDowell; it is not good enough. I have tried to sketch the background, I have tried to indicate that the situation has been improving, but anybody who has ever been to the Companies Office on any kind of search would concede that there is a very hefty backlog, for a variety of reasons. Considerable resources have been devoted towards modernising the procedures in the Companies Office and as a result of that its capacity to discharge its functions is much better than it has been.
I indicated to Deputy McDowell that it is my wish to bring about a situation where, within six months of the end of the relevant year, the Companies Report as required by this section of the Companies Act will be ready, that is about as ambitious a target as one could reasonably expect to meet. It also is as ambitious a target as most private companies would meet in terms of their own shareholders, so if we could reach that situation, it would be acceptable and certainly a major improvement on the situation that has obtained up to now.