Vol. 530 No. 3
141 Ms Clune asked the Minister for Finance the plans he has to amend the Trustee Savings Bank (Amendment) Bill, 2000, to provide financial gain to the customers of the bank; and if he will make a statement on the matter. [3930/01]
I do not have any plans to amend the Trustee Savings Banks (Amendment) Bill, 2000, to provide for financial gain for the customers of the bank. The question of financial gain for customers, for example free shares, following a disposal only arises in the case of organisations such as mutual building societies which are legally owned by their customers. This does not apply in the case of TSB, or any of the State companies such as ACC and ICC Bank, where the shares are held by the State on behalf of all citizens.
Therefore, the proceeds from the sale of the TSB Bank will, in accordance with the law, accrue to the Exchequer, which will in turn benefit all citizens.
