Number 26 of 1949.

APPROPRIATION ACT, 1949.

ARRANGEMENT OF SECTIONS

Grants out of the Central Fund.

Appropriation of Grants.

Abstract of Schedules (A) and (B) to which this Act Refers.

Schedule (A)

Schedule (B)

Number 26 of 1949.

APPROPRIATION ACT, 1949.

BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS:—

Grants out of the Central Fund.

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 forty-eight, the sum of two thousand, five hundred and twenty-two pounds, one shilling and sixpence.

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 fifty, the sum of forty-five million, and fifty-seven thousand, seven hundred and ten pounds.

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 forty-five million, and sixty thousand, two hundred and thirty-two pounds, one shilling and sixpence, 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.

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 sixty-nine million, seven hundred and three thousand, two hundred and eighty-eight pounds, one shilling and sixpence, 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 three million, seven hundred and ninety-six thousand, eight hundred and seventy-nine pounds, eighteen shillings.

5. —This Act may be cited as the Appropriation Act, 1949.