38 1964

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Number 38 of 1964.


LOCAL LOANS FUND (AMENDMENT) ACT, 1964


ARRANGEMENT OF SECTIONS

Section

1.

Increase of limit on issues from the local loans fund.

2.

Writing off of certain amounts.

3.

Short title and collective citation.

SCHEDULE


Acts Referred to

Local Loans Fund (Amendment) Act, 1961

1961, No. 45.

Local Loans Fund Act, 1935

1935, No. 16.

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Number 38 of 1964.


LOCAL LOANS FUND (AMENDMENT) ACT, 1964


AN ACT TO AMEND THE LOCAL LOANS FUND ACTS, 1935 TO 1961. [22nd December, 1964]

BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS:—

Increase of limit on issues from the local loans fund.

1. Section 2 of the Local Loans Fund (Amendment) Act, 1961 , is hereby repealed and in lieu thereof it is hereby enacted that the aggregate amount of the moneys issued from the local loans fund in respect of local loans during the period mentioned in subsection (3) of section 4 of the Local Loans Fund Act, 1935 , shall not exceed the sum of two hundred and fifty million pounds.

Writing off of certain amounts.

2. —(1) The amounts of principal and interest specified in the Schedule to this Act at any reference number shall be written off the assets of the local loans fund.

(2) Notwithstanding subsection (3) of section 14 of the Local Loans Fund Act, 1935 , where amounts are written off pursuant to this section, the liability of any person to pay the amounts and penal interest due in respect thereof shall cease.

(3) This section shall, in relation to the amounts specified in the Schedule to this Act at any reference number, be deemed to have come into operation on the date specified at that reference number.

Short title and collective citation.

3. —(1) This Act may be cited as the Local Loans Fund (Amendment) Act, 1964.

(2) The Local Loans Fund Acts, 1935 to 1961, and this Act may be cited together as the Local Loans Fund Acts, 1935 to 1964.

SCHEDULE.

Section 2 .

Ref. No.

Name of borrower

Principal to be written off

Interest to be written off

Effective date of writing off

£

s.

d.

£

s.

d.

1.

John Cosgrave

3

13

6

9

6

3rd November, 1947

2.

Denis Eivers

1

19

0

1

0

1st May, 1908.

3.

John Fallon

1

9

10

9

3

29th January, 1930

4.

James Foley

6

2

1

10

16th July, 1934

5.

James Fox

35

0

0

2

13

0

25th April, 1959

6.

Thomas Hanrahan

62

15

9

6

2

5

24th January, 1955

7.

James Kelly

{

9

8

3

1

3rd April 1935

2

13

9

17

6

5th December, 1941

8.

George McKenzie O'Rorke

6

10

9

2

10

0

8th November, 1930

9.

Mary McLoughlin

6

3

4

7

15

10

5th April, 1908

10.

James Maguire

18

1

5

7

4th December, 1940

11.

John Murray

6

10

2

1

28th January, 1935

12.

Michael O'Donnell

98

1

5

25

12

11

5th April, 1921

13.

John Naughton

7

6

2

6

17th December, 1932

14.

Bridget Queeney

1

9

9

18

10

2nd November, 1953

15.

Hugh F. Small

6

10

4

11

16th May, 1916

16.

Peter Small

12

10

5

2

11th November, 1930