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Dáil Éireann - Volume 262 - 28 June, 1972 Ceisteanna—Questions. Oral Answers. - European Development Corporation. Dr. O'Connell Dr. O'Connell 237 [237] 1. Dr. O'Connell asked the Taoiseach if he will give details of a proposal of the EEC Commission to establish a European Development Corporation with special responsibility for underdeveloped regions; and if Ireland will be afforded priority for any aid forthcoming from this new body, in view of its degree of underdevelopment. The Taoiseach Jack Lynch The Taoiseach: I am arranging to place a translation of the relevant commission document in the Library. The commission's proposals are being examined at present and it would be premature to comment on them. I should point out that at this stage they represent proposals only and have not been adopted by the council. Dr. O'Connell Dr. O'Connell Dr. O'Connell: Can the Taoiseach say when will he be in a position to tell us what will accrue to this country? The Taoiseach Jack Lynch The Taoiseach: I could not possibly tell the Deputy when they will be adopted by the council but I believe they hope to be in a position to do so before 1st October next. I could not be expected at this stage to indicate to what extent this country will benefit. Dr. O'Connell Dr. O'Connell Dr. O'Connell: Has the Taoiseach any idea? The Taoiseach Jack Lynch The Taoiseach: Not yet, because the the fund has not yet been established. Dáil Éireann 262 Ceisteanna—Questions. Oral Answers. European Development Corporation. Questions 19720628
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