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Dáil Éireann debate -
Wednesday, 9 Jul 1958

Vol. 170 No. 2

Committee on Finance. - Great Northern Railway Bill, 1958—Money Resolution.

I move:—

That for the purpose of any Act of the present session to give effect to arrangements for the dissolution of the G.N.R. Board and the future operation of its undertaking and to provide for matters connected therewith it is expedient to authorise—

(1) the payment out of moneys provided by the Oireachtas of the expenses incurred in the administration of such Act;

(2) the discharge with effect as from immediately before 1st October, 1958, of the G.N.R. Board from (a) its capital liability of £2,250,000 to the Minister for Industry and Commerce directed by sub-section (2) of Section 35 of the Great Northern Railway Act, 1953, to be shown in its accounts and (b) any liabilities in respect of payments made to it by the Minister for Industry and Commerce under Section 30 or Section 33 of the Great Northern Railway Act, 1953;

(3) the making to C.I.E. out of moneys provided by the Oireachtas of grants towards the cost of compensation under such Act;

(4) the making to C.I.E. out of moneys provided by the Oireachtas of an annual grant of £1,175,000 in the financial year beginning on the 1st day of April, 1959, and in each of the next four financial years, in lieu of an annual grant of £1,000,000 provided for under Section 10 of the Transport Act, 1958;

(5) the advance out of the Central Fund or the growing produce thereof of any moneys from time to time required by the Minister for Finance to meet sums which may become payable under any guarantee given by him under such Act;

(6) the charge on and payment out of the Central Fund or the growing produce thereof of the principal of and interest on any securities issued by the Minister for Finance for the purpose of borrowing under such Act and any expenses incurred in connection with the issue of such securities; and

(7) the repayment to the Central Fund out of moneys provided by the Oireachtas of any amount outstanding in respect of moneys advanced out of that fund to meet sums which may become payable under any guarantee given by the Minister for Finance.

Question put and agreed to.
Resolution reported and agreed to.
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