I move:—
That for the purpose of any Act of the present Session to vest the State lands situate at Tully, in the County of Kildare, and known as the National Stud Farm, in the Minister for Agriculture, to authorise the said Minister to make leases and grant licences of the National Stud Farm, to make provision for the promotion by the said Minister of a limited company for the carrying on of the business of stud farming at the National Stud Farm, to transfer to the said company certain chattels belonging to the State, and to make provision for certain other matters connected with the matters aforesaid, it is expendient to authorise—
(1) the loan to such company, out of moneys provided by the Oireachtas of a sum not exceeding two hundred and fifty pounds;
(2) the payment out of and charge on the Central Fund or the growing produce thereof of the moneys payable by the subscribers to the Memorandum of Association of such company and the Minister for Finance, respectively, as consideration for the issue to them of shares in the share capital of the company in pursuance of the provisions of such Act;
(3) the charge upon and payment out of the Central Fund or the growing produce thereof of the principal of and interest on any securities issued (together with the expenses incurred in connection therewith) for the purpose of borrowing to meet payments required to be made by the Minister for Finance in respect of any shares subscribed for by him under such Act;
(4) the payment to such company from time to time, out of moneys provided by the Oireachtas, of such sums as the Minister for Agriculture shall think proper towards defraying the cost of the operation by such company, in pursuance of the provisions of such Act, of special schemes for the improvement of thoroughbred horse breeding.