I move that the Bill be now read a Second Time.
Supplementary Estimate, 1965-66. - Appropriation Bill, 1965: All Stages.
I suppose it would be tactless to inquire when the Minister proposes to circulate the Bill.
I propose to circulate it immediately. The Bill is in its usual form except for section 4, which provides for the borrowing of money in currencies other than Irish currency. It had been assumed up to now that we were statutorily entitled to borrow moneys outside the State in currencies that were not Irish. The advice of the Attorney General in relation to the recent borrowings by Aer Lingus of dollar currency from the United States indicates that we are not so statutorily entitled and section 4 covers this particular deficiency.
Does this cover the State and Aer Lingus, or only the State?
It covers the State. Aer Lingus was covered already by the State Guarantees Act. Section 4 is designed to cure a deficiency in the State's borrowing power. Of course, it goes back to other borrowings made previous to the Aer Lingus borrowings as well.
Acting Chairman
This Bill is a Money Bill within the meaning of Article 22 of the Constitution.