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Dáil Éireann debate -
Tuesday, 10 Dec 1963

Vol. 206 No. 7

Committee on Finance. - National Building Agency Limited Bill, 1963—Money Resolution.

I move:

That for the purpose of any Act of the present session to authorise the Minister for Finance to take up shares of National Building Agency Limited, to provide for the making by that Minister of advances out of the Central Fund to that Company and for the guaranteeing by the Minister for Local Government of borrowings by that Company and to provide for other matters connected with the matters aforesaid, it is expedient to authorise:—

(1) the advance out of the Central Fund or the growing produce thereof of:—

(a) all moneys from time to time required by the Minister for Finance—

(i) to meet sums which may become payable by him in respect of any shares of National Building Agency Limited taken up by him, and

(ii) to enable him to make advances to National Building Agency Limited for the carrying out of the Company's objects, and

(b) all moneys from time to time required by the Minister for Local Government to meet sums which may become payable by him in respect of any 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 Local Government under a guarantee given by him under such Act which have not been duly repaid to him;

(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; and

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

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