With your permission, a Cheann Comhairle, I propose to take Questions Nos. 15 and 16 together.
As indicated by the general manager of CIE during the course of his press conference on Tuesday, 16th June, 1970, at which he announced the proposed increases in fares and rates, CIE, at the request of the Government, agreed to limit the increases so that they do not go beyond the Government's price control policy whereby increases in labour costs in 1970 in excess of 30s a week per worker are disregarded.
The additional revenue which will be produced from the increase in fares and rates will be inadequate to meet the substantial increase in the board's costs, which arise mainly from increases in salaries and wages and other increases in labour costs. I am at present considering what action is necessary to deal with the financial consequences for CIE of the limitation imposed on the increases in fares and rates.
I see no necessity to set up a select committee of the Oireachtas to examine the entire operations of CIE.