President orders to peruse the non payment of Shell Gas profits 07-01-09

President Rajapakse instructs the Finance Secretary to immediately peruse the non-payment of profits by Shell Gas on behalf of the Governments shares and submit a report... The President gave these instructions during a meeting of the Ministerial Sub-Committee on Food Security and Bringing down the Cost of Living at Temple Trees. Government owns 49 percent of the shares of Shell Gas and profits only for the year 2000 had been paid. However the benefits for eight years had not been paid. The President further instructed the Finance Secretary to take action according to the law related to institutions which do not pay profits of Government shares.

Meanwhile the President informed paddy mill owners and paddy stock gatherers at Maradagahamula and Polonnaruwa to mill their stocks and immediately release them to the market. The President emphasised that he will not hesitate to import rice to provide stocks sans any shortages to the consumer if attempts are made to create an artificial shortage. Minister Maithripala Sirisena opined that warehouses had stocks sufficient for three weeks and that there cannot be a shortage since stocks are being received from various parts of the country. The Minister also said paddy stocks from government warehouses will be issued to mill owners within the next few days.

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