I move amendment No. 60a :
Before Section 166 to insert a new section as follows:
" (1) In respect of a company in which a controlling interest is held by a Minister of State or his nominees or the wholly-owned subsidiary of such a company the Minister shall appoint one or more competent persons to investigate the affairs of the company and to report thereon in such manner as the Minister directs on the joint application of not less than 20 members of Dáil Éireann.
(2) The application shall be supported by such evidence as the Minister may require for the purpose of showing that the applicants have good reason for requiring the investigation.
(3) The Inspectors' Report shall be laid before Dáil Éireann."
I tabled this amendment in order to draw attention to the fact that these provisions, as drafted, do not seem to be at all suitable for the several State companies which we have registered under the Companies Act. The principle of Section 165 would appear to be that an agreed minority of, roughly speaking, 10 per cent of the shareholders or one-fifth of the members shall have certain rights in taking the initiative in launching an investigation if they feel that there are adequate grounds for doing so. In the case of State companies, in most cases, all the shares are held by the Minister, with the possible exception of shares held by his nominee directors. I suggest that an aggrieved minority should have very considerable rights in regard to State companies on behalf of the general public and that the aggrieved minority might be represented by the Opposition in the Dáil. I think it is desirable to give any considerable group of members of Dáil Éireann, not less than 20 in number the right to require such an inquiry, the report of which should be laid before Dáil Éireann. As you know, we have had in recent months an investigation where the Minister took the initiative under the provision in the Companies Act, 1908 corresponding to Section 165 of this Bill to inquire into the affairs of a subsidiary of one of the State companies. If the Minister had not in fact taken the initiative——