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Dáil Éireann debate -
Tuesday, 11 Apr 1961

Vol. 188 No. 1

Committee on Finance. - Pigs and Bacon (Amendment) Bill, 1961—Money Resolution.

I move:

That for the purpose of any Act of the present session to amend and extend the Pigs and Bacon Acts, 1935 to 1956, it is expedient to authorise:

(1)the payment to the Pigs and Bacon Commission in each financial year out of moneys provided by the Oireachtas of a grant or grants of such amount or amounts as the Minister for Agriculture may fix for the purpose of defraying any loss incurred by the Commission in relation to the export of bacon;

(2)the advance out of the Central Fund or the growing produce thereof of moneys from time to time required by the Minister for Agriculture to meet sums which may become payable by him under a guarantee given by him in respect of a loan to the Commission;

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

(4)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 the expenses incurred in connection with the issue of any securities;

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

Paragraph (1) of the Resolution refers to annual grants to the Commission under Section 28 of the Bill which, with the levy payable by curers on bacon pigs, will meet the cost of supporting bacon exports.

Paragraphs (2), (3) and (4) refer to Section 29 of the Bill under which the Minister for Agriculture, with the consent of the Minister for Finance, may guarantee loans to the Commission. Paragraph (2) authorises the payment out of the central Fund, as provided by subsection (10) of section 29, of any moneys required to be paid by the Minister on the foot of such guarantees. Paragraph (3) authorises the payment into the Central Fund, out of moneys voted by the Oireachtas under subsection (7) of Section 29, of moneys to make good any payment on foot of guarantees which have not been repaid by the Commission within the two-year period specified in subsection (6) of Section 29.

Paragraph (5) is a routine provision referring to Section 32 of the Bill, which provides that the expenses incurred by the Minister in the administration of the Act shall be met from voted moneys.

This really means. does it not, that they can borrow when the money is going out, on the understanding that when the money comes back again they will pay it back and if there is any differential a vote will have to be taken in this House to recoup the Central Fund?

Yes, that is right.

And thus the net charge for the subsidy comes before the House by way of Estimate?

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