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31 1945

NATIONAL STUD ACT, 1945

PART I.

Preliminary and General.

Short title.

1. —This Act may be cited as the National Stud Act, 1945.

Definitions generally.

2. —In this Act—

the word “chattels” includes live stock;

the expression “the Companies Acts” means the Companies Acts, 1908 to 1924;

the expression “the Company” means Cólucht Groighe Náisiúnta na hEireann, Teoranta (the Irish National Stud Company, Limited);

the expression “the transfer date” means the date appointed to be the transfer date by order of the Minister for Finance under section 4 of this Act.

The National Stud Farm.

3. —(1) In this Act, the expression “the National Stud Farm” means the lands belonging to the State commonly called and known as the National Stud Farm, and comprising parts of the lands of Tully East, Tully West, Curraghfarm and Kildare, all situate in the Barony of Offaly East and County of Kildare, together with all rights of turbary and grazing and other rights whatsoever appertaining or reputed to appertain to the said lands.

(2) A certificate under the official seal of the Minister for Agriculture certifying that any specified land forms part of the National Stud Farm shall be prima facie evidence of the fact so certified.

The transfer date.

4. —The Minister for Finance shall, as soon as conveniently may be after the registration of the Company, appoint a date to be the transfer date for the purposes of this Act.

Exemption from stamp duties.

5. —(1) Section 12 of the Finance Act, 1895, shall not operate so as to require the Company to deliver to the Revenue Commissioners a copy of this Act or to pay any stamp duty under that section on any copy of this Act.

(2) Section 112 of the Stamp Act, 1891, shall not operate so as to require the Company to deliver to the registrar of companies any statement or to pay any stamp duty under that section in respect of the share capital of the Company.

(3) No stamp duty shall be payable on any transfer of shares of the Company.

(4) An instrument made under section 7 or section 8 of this Act and sealed with the official seal of the Minister for Agriculture shall not, by reason only of such seal being affixed thereto, be rendered liable to any higher stamp duty than if it were an instrument under hand only.