Financial Resolution No. 1. - Financial Resolution No. 25—Stamp Duty.
(1) That there shall be charged in respect of the available surplus within the meaning of Sections 5 and 6 of the Public Charitable Hospitals (Amendment) Act, 1931 (No. 24 of 1931), in every sweepstake which is held under the Public Charitable Hospitals (Temporary Provisions) Act, 1930 (No. 12 of 1930), and in which the drawing or any of the drawings of prizes is made after the 1st day of March, 1932, a stamp duty at the rate of twenty-five per cent. of the amount of such available surplus.
(2) That the duty mentioned in this Resolution shall be deducted from the available surplus in respect of which it is chargeable and shall be so deducted by the committee appointed under Section 2 of the Public Charitable Hospitals (Temporary Provisions) Act, 1930, for the purposes of the sweepstake in which such available surplus arises and shall be paid to the Revenue Commissioners by such committee.
(3) That
(a) the reference in Sub-sections (3) and (4) of Section 5 of the Public Charitable Hospitals (Amendment) Act, 1931, to two-thirds of the available surplus in a sweepstake shall be construed as referring to two-thirds of the balance of such available surplus remaining after deduction of the duty mentioned in this Resolution, and
(b) the reference in Section 6 of the said Act to one-third of the available surplus in a sweepstake shall be construed as referring to one-third of the balance of such available surplus remaining after deduction of the duty mentioned in this Resolution.
The Dáil went out of Committee.
Progress reported.
The Dáil adjourned at 6.45 p.m. until 3 p.m. on Thursday, 12th May.