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Dáil Éireann debate -
Wednesday, 29 Nov 1961

Vol. 192 No. 6

Committee on Finance. - Turf Development Bill, 1961—Money Resolution.

I move:

That for the purpose of any Act of the present session to amend and extend the Turf Development Acts, 1946 to 1959, it is expedient to authorise:—

(1) the advance to Bord na Móna out of the Central Fund or the growing produce thereof of such sums not exceeding in the aggregate five million pounds as the Board may from time to time request;

(2) the charge on and payment out of the Central Fund or the growing produce thereof of all moneys from time to time required to meet payments required to be made by the Minister for Finance to the Board in respect of any stock taken up by him under such Act:

(3) 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 sums which may become payable under any guarantee given by him under such Act;

(4) the repayment to the Central Fund out of moneys provided by the Oireachtas of moneys advanced out of that Fund to meet sums which may become payable under any guarantee given by the Minister for Finance and not repaid within twelve months from the date of the advance; and

(5) 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 under such Act by the Minister for Finance.

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