CENTRAL FUND ACT, 1957

Type Act

Publication 1957-03-30

Last updated 1958-07-16

State In force superseded text

Text As published

Source Irish Statute Book

articles 4

This is the act as published. Later amendments are not folded into the text below: each one is a separate act in this repository and an entry in this law's history.

1 amending act · 1958-07-16, TRANSPORT ACT, 1958

Reform history JSON API

AN ACT TO APPLY CERTAIN SUMS OUT OF THE CENTRAL FUND TO THE SERVICE OF THE YEARS ENDING ON THE THIRTY-FIRST DAY OF MARCH ONE THOUSAND NINE HUNDRED AND FIFTY-SEVEN AND ONE THOUSAND NINE HUNDRED AND FIFTY-EIGHT. [30th March, 1957.]

BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS :—

1 Issue of £1,010,000 out of the Central Fund for the service of the year ending 31st March, 1957.

1.—The Minister for Finance may issue out of the Central Fund and apply towards making good the supply granted for the service of the year ending on the thirty-first day of March one thousand nine hundred and fifty-seven the sum of One Million Ten Thousand Pounds.

2 Issue of £37,300,000 out of the Central Fund for the service of the year ending 31st March, 1958.

2.—The Minister for Finance may issue out of the Central Fund and apply towards making good the supply granted for the service of the year ending on the thirty-first day of March one thousand nine hundred and fifty-eight, the sum of Thirty-seven Million Three Hundred Thousand Pounds.

3 Power of Minister for Finance to borrow up to £38,310,000.

3.—(1) The Minister for Finance may borrow from any person and the Bank of Ireland may advance to the Minister for Finance any sum or sums not exceeding in the whole Thirty-eight Million Three Hundred and Ten Thousand Pounds and for the purpose of such borrowing the Minister for Finance may create and issue any securities bearing such rate of interest and subject to such conditions as to repayment, redemption or otherwise as he thinks fit.

(2) The principal and interest of any securities issued under this Act and the expenses incurred in connection with the issue of such securities shall be charged on the Central Fund or the growing produce thereof.

(3) Any money raised by securities issued under this Act shall be placed to the credit of the account of the Exchequer and shall form part of the Central Fund and be available in any manner in which such Fund is available.

4 Short title.

4.—This Act may be cited as the Central Fund Act, 1957.

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