Next (Abstract of Schedules A and B to which this Act Refers Schedule A GRANTS)

29 1960

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Number 29 of 1960.


APPROPRIATION ACT, 1960.


ARRANGEMENT OF SECTIONS

Grants out of the Central Fund

Section

1.

Issue of £777,940 out of the Central Fund for the year 1959-60.

2.

Issue of £84,353,620 out of the Central Fund for the year 1960-61.

3.

Power of the Minister for Finance to borrow up to £85,131,560.

Appropriation of Grants

4.

Appropriation of sums voted for supply services, viz., £130,299,560.

5.

Short title.

Abstract of Schedules A and B to which this Act Refers

Schedule A

Schedule B

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Number 29 of 1960.


APPROPRIATION ACT, 1960.


AN ACT TO APPLY A CERTAIN SUM OUT OF THE CENTRAL FUND TO THE SERVICE OF THE YEAR ENDED ON THE THIRTY-FIRST DAY OF MARCH, ONE THOUSAND, NINE HUNDRED AND SIXTY, AND THE YEAR ENDING ON THE THIRTY-FIRST DAY OF MARCH, ONE THOUSAND, NINE HUNDRED AND SIXTY-ONE, TO APPROPRIATE TO THE PROPER SUPPLY SERVICES AND PURPOSES THE SUMS GRANTED BY THE CENTRAL FUND ACT, 1960, AND THIS ACT, AND TO MAKE CERTAIN PROVISION IN RELATION TO BORROWING. [28th July, 1960.]

BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS:—

Grants out of the Central Fund

Issue of £777,940 out of the Central Fund for the year 1959-60.

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 ended on the thirty-first day of March, one thousand, nine hundred and sixty, the sum of seven hundred and seventy-seven thousand, nine hundred and forty pounds.

Issue of £84,353,620 out of the Central Fund for the year 1960-61.

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 sixty-one, the sum of eighty-four million, three hundred and fifty-three thousand, six hundred and twenty pounds.

Power of the Minister for Finance to borrow up to £85,131,560.

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 eighty-five million, one hundred and thirty-one thousand, five hundred and sixty 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 moneys 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.

Appropriation of Grants

Appropriation of sums voted for supply services, viz., £130,299,560.

4. —(1) All sums granted by this Act and the other Act mentioned in Schedule A annexed to this Act out of the Central Fund towards making good the supply granted, amounting, as appears by the said Schedule, in the aggregate to the sum of one hundred and thirty million, two hundred and ninety-nine thousand, five hundred and sixty pounds, are appropriated and shall be deemed to have been appropriated as from the date of the passing of the Acts mentioned in the said Schedule A for the services and purposes expressed in Schedule B annexed thereto. The abstract of schedules and schedules annexed thereto, with the note (if any) to such schedules shall be deemed to be part of this Act in the same manner as if they had been contained in the body thereof.

(2) In addition to the grants out of the Central Fund referred to in the foregoing subsection of this section, there may be applied out of any money directed under section 2 of the Public Accounts and Charges Act, 1891, to be applied as appropriations-in-aid of the grants for the services and purposes specified in Schedule B annexed hereto, the sums respectively set forth in the last column of the said Schedule amounting, as appears thereby in the aggregate to the sum of ten million, four hundred and seventy-nine thousand and seventeen pounds.

Short title.

5. —This Act may be cited as the Appropriation Act, 1960.