Committee on Finance. - Air Navigation and Transport (No. 2) Bill, 1959—Money Resolution.

I move:

That, for the purpose of any Act of the present session to amend and extend the Air Navigation and Transport Acts, 1936 to 1959, it is expedient to authorise—

(1) the advance out of the Central Fund or the growing produce thereof of all moneys from time to time required by the Minister for Finance (a) to meet payments required to be made by him to Aer Rianta, Teoranta, in respect of any new shares subscribed for or taken up by him under such Act and (b) to meet sums which become payable under any guarantee given by him under such Act in respect of moneys secured by debentures issued by Aer Rianta, Teoranta;

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

(3) the repayment to the Central Fund out of moneys provided by the Oireachtas of any moneys advanced out of that Fund or the growing produce thereof to meet sums which may become payable under any guarantee given by the Minister for Finance under such Act and which have not been repaid to that Fund in accordance with such Act.

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