asked the Minister for Finance if he will state when and by whom the present directors of the Central Bank of Ireland were appointed.
Ceisteanna—Questions. Oral Answers. - Central Bank Directors.
The board of directors of the Central Bank of Ireland consists of the governor and eight directors. The governor is appointed by the President on the advice of the Government under the provisions of Section 19 of the Central Bank Act, 1942; the directors are appointed by the Minister for Finance under the provisions of Section 23 of the Act. The names of the present holders of office and the dates of their appointment have been assembled in a tabular statement which, with the permission of the Ceann Comhairle, I propose to circulate in the Official Report.
Following is the statement:—
|
Name |
Date of Appointment |
|
James J. McElligott (Governor) |
1st February, 1943.Appointed Governor, 1st April, 1953. |
|
Lord Glenavy |
1st February, 1943.Reappointed 1st February, 1947 and 1st February, 1952. |
|
William O'Brien |
1st February, 1943.Reappointed 1st February, 1946 and 1st February, 1951. |
|
John F. Punch |
1st February, 1943.Reappointed 1st February, 1948 and 1st February, 1953. |
|
Timothy A. Smiddy |
1st February, 1943.Reappointed 30th April, 1945, and 30th April, 1950. |
|
Malachi Sweetman |
1st February, 1943.Reappointed 1st February, 1948, and 1st February, 1953. |
|
Gabriel Brock |
1st February, 1943.Reappointed 1st February, 1945, and 1st February, 1950. |
|
James F. Meenan |
1st February, 1949. |
|
Maurice Moynihan |
1st April, 1953. |
Is the Minister satisfied, in view of the way in which the reports of the Central Bank have been attacked by the Government and the Opposition, that the directors are competent to carry out their statutory duties?
The practice, of course, is that the nominations of directors of all kinds come before the Government of the day, and, as the Deputy is well aware, most of these directors have been appointed and reappointed by the two Governments.
Is the Minister satisfied that the directors are competent and capable of carrying out their functions?
I am, of course.