Committee on Finance. - Air Navigation and Transport Bill, 1961—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 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;

(2)the advance from time to time to Aer Rianta Teoranta, out of the Central Fund or the growing produce thereof, of such sums (not exceeding in the aggregate one million pounds) as the Company may from time to time request for the purpose of enabling the Company to perform its functions;

(3)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 such securities."

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