This is a very simple Bill. The members of the House are aware of the fact that, in 1935, the Local Loans Fund was established on a statutory basis. The original Bill provided that there should be an over-all maximum beyond which loans might not be advanced. The limit fixed at the moment is £35,000,000. In view of the demands on the fund, it is proposed to extend that limit to £50,000,000. That is the purpose of the Bill.
Local Loans Fund (Amendment) Bill, 1951 ( Certified Money Bill )— Second and Subsequent Stages.
Question proposed: "That the Bill be now read a Second Time."
Question put and agreed to.
Agreed to take the remaining stages. now.
Bill passed through Committee without recommendation, reported, received for final consideration and ordered to be returned to the Dáil.