We have a quorum and it is proposed now to get on with the agenda. We have an apology for inability to attend the meeting from Senator Lenihan. The Finance Bill is before the Seanad and he is engaged there. There are apologies also from Deputy Collins and Senators Fitzgerald and Killilea.
The first item for your consideration is the Chairman's "Draft Report on the Budgetary Powers of the European Parliament", a copy of which was circulated to each member on 21st April. This draft report was prepared on the basis of views expressed by the Economic and Social Sub-Committee. That committee considered the matter at two meetings—one on 13th March and one on 16th April. It was suggested that, if any member wished to submit amendments, they should be sent in by Monday, 5th May. No amendments were received and I now propose that the draft report be considered. I take it there is no objection to that and we will now proceed to consider the draft report.
Agreed.