Dáil Éireann debate -
Thursday, 26 Mar 1953

"That for the purpose of any Act of the present session to provide forguarantees by the Minister for Finance in respect of moneys borrowed by certain bodies, it is expedient to authorise :—

(1) the advance out of the Central Fund or the growing produce thereof of any moneys required to be paid by the Minister under a guarantee;

(2) the payment out of moneys provided by the Oireachtas of such sums as may be required for the repayment to the Central Fund of the whole or any part of any moneys advanced by the Minister under a guarantee and remaining outstanding after 12 months from the date of the advance; and

(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 provide for advances out of the Central Fund."