I move :—
"Chun críche aon Achta a rithfar sa tSiosón so chun a údarú go dtabharfar amach monaidh óir agus chun socrú do dhéanamh chun nótaí airgid reatha ag a mbeidh cáilíocht tairisgeana dlíthiúla do thabhairt amach agus chun deire do chur le bancanna aonair do thabhairt amach nótaí bainc agus chun tabhairt amach nótaí bainc ag príomh-údarás do chur ina ionad san, agus chun Coimisiún do bhunú chun bainistí agus stiúrú do dhéanamh ar thabhairt amach agus ar fhuascailt na nótaí airgid reatha san agus ar thabhairt amach nótaí bainc agus chun feidhmeanna áirithe eile d'fheidhmiú maidir leis an airgead reatha, go bhfuil sé oiríunach a údarú—
(1) go n-íocfar amach as an bPrímh-Chiste no as a thora fáis gach costas fé n-a raghfar maidir le monaidh óir do thabhairt amach, agus
(2) go roimh-íocfar amach as an bPrímh-Chiste no as a thora fáis gach suim a theastóidh ón gCoimisiún san chun (a) na nótaí airgid reatha san agus (b) monaidh óir a tugadh amach fén Acht Coighneála, 1926 (Uimh. 14 de 1926), d'fhuascailt.
That, for the purpose of any Act of the present Session to authorise the issue of gold coinage, to make provision for the issue of currency notes, having a legal tender quality, to terminate the issue of bank notes by individual banks and substitute an issue of bank notes by a central authority and to establish a Commission to manage and control the issue and redemption of the said currency notes and the issue of bank notes and to exercise certain other functions in relation to the currency, it is expedient to authorise—
(1) the payment out of the Central Fund or the growing produce thereof of all expenses incurred in connection with the issue of gold coinage, and
(2) the advance out of the Central Fund or the growing produce thereof of all sums required by the said Commission for the redemption of (a) the said currency notes, and (b) coins issued under the Coinage Act, 1926 (No. 14 of 1926)."
The Message prescribed by the Constitution has been received from the Governor-General. The Money Resolution provides for expenditure under three heads, the first of which is in connection with the issue of gold coinage. No payment will fall to be made under that head for perhaps a considerable number of years, and even then the payment will be very small. The second charge is under Section 38 of the Bill, and relates to the redemption of token coinage. Expense will only occur when token coinage is being withdrawn for renewal or for replacement. The third head under which charges may fall to be made will be in giving effect to the ultimate State guarantee for legal tender notes, but I do not think that at any time any payment will fall to be made under that head.
Motion agreed to, and ordered to be reported.