PART V

Miscellaneous

24. —(1) In this section—

“the principal section” means section 22 of the Finance Act, 1950 ;

“the 1966 amending section” means section 27 of the Finance Act, 1966;

“the seventeenth additional annuity” means the sum charged on the Central Fund under subsection (4) of this section;

“the Minister”, “the Account” and “capital services” have the same meanings respectively as they have in the principal section.

(2) Subsection (4) of the 1966 amending section shall, in relation to the twenty-nine successive financial years commencing with the financial year ending on the 31st day of March, 1968, have effect with the substitution of “£1,788,105” for “£1,819,988”.

(3) Subsection (6) of the 1966 amending section shall have effect with the substitution of “£1,137,890” for “£1,177,295”.

(4) A sum of £1,880,083 to redeem borrowings, and interest thereon, in respect of capital services shall be charged annually on the Central Fund or the growing produce thereof in the thirty successive financial years commencing with the financial year ending on the 31st day of March, 1968.

(5) The seventeenth additional annuity shall be paid into the Account in such manner and at such times in the relevant financial year as the Minister may determine.

(6) Any amount of the seventeenth additional annuity, not exceeding £1,216,320 in any financial year, may be applied towards defraying the interest on the public debt.

(7) The balance of the seventeenth additional annuity shall be applied in any one or more of the ways specified in subsection (6) of the principal section.

25. —(1) Each enactment specified in column (2) of Part I of the Third Schedule to this Act is hereby repealed to the extent specified in column (3) of that Part.

(2) (a) Each enactment specified in column (2) of Part II of the Third Schedule to this Act is hereby repealed to the extent specified in column (3) of that Part.

(b) Paragraph (a) of this subsection shall come into operation on the 6th day of July, 1967, if this Act is passed before or on that day and shall be deemed to have come into operation on that day if this Act is passed after that day.

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

27. —(1) This Act may be cited as the Finance Act, 1967.

(2) Part I of this Act shall be construed together with the Income Tax Acts.

(3) Part II of this Act, so far as it relates to 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 Statutes which relate to the duties of excise and the management of those duties.

(4) Part III of this Act shall be construed together with the Stamp Act, 1891, and the enactments amending or extending that Act.

(5) Part IV of this Act shall be construed together with Part V of the Finance Act, 1920, and the enactments amending or extending that Part.

(6) Part I of this Act shall be deemed to have come into force and shall take effect as on and from the 6th day of April, 1967.

(7) Any reference in this Act to any other enactment shall, except so far as the context otherwise requires, be construed as a reference to that enactment as amended by or under any other enactment, including this Act.