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Dáil Éireann debate -
Wednesday, 12 Dec 1962

Vol. 198 No. 8

Committee on Finance. - Sugar Manufacture (Amendment) Bill, 1962—Money Resolution.

I move:

That for the purpose of any Act of the present session to amend and extend the Sugar Manufacture Act, 1933, 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 sums which may become payable by him—

(a) for the acquisition by subscription or purchase of any class or classes of shares of Cómhlucht Siúicre Éireann, Teoranta, or an approved subsidiary company,

(b) for making advances to Cómhlucht Siúicre Éireann, Teoranta, or an approved subsidiary company for the carrying out of its objects, and

(c) under a guarantee given by him under such Act.

(2) the repayment to the Central Fund out of moneys provided by the Oireachtas of moneys paid by the Minister for Finance under a guarantee given by him under such Act which have not been duly repaid to him; and

(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.
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