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18 1937



Miscellaneous and General.

Reduction of rates of stamp duty on shareholding banks.

15. —The stamp duty imposed by section 49 of the Finance Act, 1932 (No. 20 of 1932), on every bank which is for the time being a shareholding bank within the meaning of the Currency Act, 1927 (No. 32 of 1927), shall be charged and paid in respect of the half-year beginning on the 1st day of April, 1937, and in respect of every subsequent half-year at the rate of two and one-half per cent. per annum on the amount of consolidated bank notes mentioned in sub-section (1) of the said section 49 in lieu of the rate of three per cent. per annum mentioned in the said sub-section.

Amendment of section 33 of the Finance Act, 1935 .

16. Section 33 of the Finance Act, 1935 (No. 28 of 1935), shall be and is hereby amended as follows, that is to say:—

(a) by the addition at the end of sub-section (1) thereof of the words “or a consent in writing by the Revenue Commissioners (acting as aforesaid) to such payment pending the ascertainment and discharge of such duty”, and

(b) by the insertion of the words “or such consent” in sub-section (4) of the said section immediately after the word “certificate”.

Payment of compensation under the Damage to Property (Compensation) Acts, 1923 to 1933.

17. —Notwithstanding anything to the contrary contained in the Damage to Property (Compensation) Acts, 1923 to 1933, the Minister for Finance may, if he so thinks proper, pay in money out of moneys provided by the Oireachtas any compensation or other sum which he is required or authorised by the said Acts to pay by the issue of securities created under section 13 of the Damage to Property (Compensation) Act, 1923 (No. 15 of 1923), or under that section as applied by a subsequent enactment.

Transfer of money from the Road Fund to the Exchequer.

18. —With a view to providing moneys to meet charges which will fall upon the Central Fund in relation to schemes for the provision of employment and the relief of distress, the sum of one hundred thousand pounds shall be transferred and paid from the Road Fund to the Exchequer at such time or times in the financial year ending on the 31st day of March, 1938, and in such manner as the Minister for Finance shall direct.

Management of government stocks by certain banks.

19. —Until the Oireachtas otherwise provides, the several statutes and statutory orders and regulations relating to the management by the Bank of Ireland of the public stocks, funds, and securities of the late United Kingdom of Great Britain and Ireland which were in force immediately before the establishment of Saorstát Eireann shall apply and be deemed always to have applied, with the necessary modifications, to the management by the Bank of Ireland and the National City Bank, Limited, respectively of public stocks, funds and securities (other than Land Bonds) of the Government of Saorstát Eireann.

Declaration to be made before receipt of certain sums under Appropriation Acts.

20. —(1) In this section the expression “future Appropriation Act” means an Act passed at any time after the passing of this Act which appropriates supplies granted in a particular session of the Oireachtas.

(2) No person shall receive any part of a grant made in pursuance of a future Appropriation Act for non-effective services until he has subscribed such declaration as may from time to time be prescribed by a warrant of the Minister for Finance before one of the persons prescribed by such warrant.

(3) Whenever any such payment as is mentioned in the next preceding sub-section of this section is made at more frequent intervals than once in a quarter, the Minister for Finance may, notwithstanding anything contained in the said sub-section, dispense with the production of more than one such declaration as is mentioned in the said sub-section in respect of each quarter.

(4) Every person who makes a declaration for the purpose of this section which is to his knowledge untrue in any material particular shall be guilty of an offence under this section and shall be liable on summary conviction thereof to a fine not exceeding thirty pounds.

Care and management of taxes and duties.

21. —All taxes and duties imposed by this Act are hereby placed under the care and management of the Revenue Commissioners.

Short title, construction, and commencement.

22. —(1) This Act may be cited as the Finance Act, 1937.

(2) Part I of this Act shall be construed together with the Income Tax Acts, and Part II of this Act, so far as it relates to duties of customs, shall be construed together with the Customs Acts and, so far as it relates to duties of excise, shall be construed together with the British Statutes and Acts of the Oireachtas which relate to the duties of excise and the management of those duties.

(3) Part I of this Act shall, save as is otherwise expressly provided therein, be deemed to come into force on and shall take effect as on and from the 6th day of April, 1937.