With your permission, a Cheann Comhairle, I propose to take Questions Nos. 32 and 33 together.
I have asked the non-Irish life assurance companies to increase the proportion of the funds representing their liabilities to Irish policy holders which they invest in this country beyond the 66? per cent which was the target set under the original agreement for the end of this year. I consider it important to secure an increase and I have been trying to have it done by agreement as heretofore. The companies, however, have imported the question of income tax treatment of policy holders and progress with a new agreement has not, so far, been possible. I will try again, and failing agreement, will consider what other means should be adopted to deal with the situation in regard to investment.