I move:—
That the Wexford Gas Order, 1954, proposed to be made by the Minister for Industry and Commerce and laid in draft before Dáil Éireann on the 29th day of January, 1954, under sub-section (4) of Section 10 of the Gas Regulation Act, 1920, be approved.
The Wexford Gas Company applied for an Order under the Gas Regulation Acts to enable the company to secure additional capital for the reconstruction and modernisation of plant and equipment. The Order proposes to increase the authorised capital from £20,000 to £40,000 and its borrowing powers from £10,000 to £20,000. It authorises the company to purchase on lease houses, cottages and other buildings for use as offices and housing accommodation for their employees. Notice of intention to apply for the Order was given by the gas company and no objections to the making of the Order were received.