This is the end of a transaction in which the Minister for Industry and Commerce played a chief part in 1926. In May, 1926, when the English coal strike was in full swing, powers were conferred upon the Minister to take the necessary steps to provide the country with a sufficient supply of coal while the strike was in progress, and to take measures to deal with profiteering. The Minister, as far as I can make out, although he ascertained at the end of April, 1926, that there was only a six weeks' supply of coal in the country—a very small supply when you consider that a large strike had been embarked upon in England, which continued for several months afterwards—took no steps to deal with the situation and put into operation the facilities conferred upon him by this House. It was not until a severe shortage made itself felt in the beginning of October that he did take steps to deal with the situation. When the question was last discussed in this House he stated that he had been in constant communication with the coal merchants. It is an extraordinary thing, one which we on this side of the House find it very hard to understand, that the coal strike could have been proceeding for several months, with stocks being depleted here in the city, and that the Minister, who says he was in touch with the coal merchants during that period, did not find out the gravity of the situation until there was a very serious situation. That was in the beginning of October. He then offered certain financial assistance to the coal merchants.
The terms of the bargain made by which the Minister was to assist the coal merchants to provide coal to deal with the serious situation that existed are deserving of examination by the House. This is only a small item, no doubt, in the eyes of the Minister. It only involved, in the first instance, a sum of £112,000, but what we on this side of the House are interested to know is whether the same business acumen or lack of that quality which displayed itself in this particular transaction was also displayed during the period that we hear so much about, the period since 1922, when we were absent from this House, and when the Minister was embarking on very much larger schemes and spending millions of the Irish people's money upon the Shannon scheme. It was not until the 26th October, when the strike was at its height, and when the situation was most serious, that any steps were taken by him to provide coal. The terms that he offered the Association on that occasion were that they should be allowed 22/- per ton, as far as I understand it, after the coal had been landed in Dublin, to cover the margin between the cost of delivery in Dublin and the cost as delivered to the consumer. This transaction was based upon the importation of 35,000 tons of coal.
If that coal had been ordered in April, May, June or July, it is probable it would have been got at a reasonable price. The extraordinary thing is that the coal was not ordered until the situation was exceptionally difficult, until it was almost impossible to get coal, and until, in the words of the Minister, "there was an embargo upon the export of continental coal." Under these circumstances he made a bargain with some continental firms for the importation of 35,000 tons of coal, as well as giving the Coal Merchants' Association their handsome terms, paying them, when the coal had been delivered in Dublin for their expenses and their services in connection with it, to the tune of 22/- per ton. He also made the remarkable bargain that any coal that the Association did not see fit to take would be left upon his hands, so that in December—I do not know whether the strike had terminated at the time or not—there were 27,000 tons of this coal still on the Minister's hands, and he estimated that there had been a loss of £50,000 on the transaction.
We read in the newspapers where public bodies are often summoned to give an account of themselves before a public inquiry as to how their finances and their transactions, generally, are carried out. At the present moment, for some reason that is understood on the opposite benches, but that is not very clear to me, the Galway County Council, for example, has been called upon to explain how its finances stand, and the meaning of its transactions during the past three years. But in this House, which is called the Sovereign Assembly of the nation, when the Minister was asked by the late leader of the Opposition to give figures and details of the consignments, prices and percentages of the different kinds of coal which were included in his importation orders, he refused to give the information. Apparently, one has to take for granted what a Minister on the other side of the House says is the law, and it is not alone a mere waste of the time for Deputies on this side to get up and criticise the expenditure of public money, but if we are to believe Ministers, it is real impertinence on our part to question this transaction.