JERRY KIERSEY,
Sir, - Commentators on CIE's results overlook the following. CIE is the most asset-rich of all our State companies in terms of its land and building bank.
These are valued by CIE's accounting conventions at acquisition cost, not at their real value, which I estimate to be in the region of €12 billion.
If Army barracks can be sold off to re-equip the Army and fund other Exchequer needs such as health and education, why is everybody afraid to tackle CIE?
No private transport operator could afford to garage its vehicles in prime residential areas such as Donnybrook, Clontarf, Broadstone and Summerhill.
There are other agendas at work here and they are neither in the national interest nor in that of the majority of the employees. - Yours, etc.,
JERRY KIERSEY, Blessington, Co Wicklow.