No. 38/1954:

TRADE LOANS (GUARANTEE) (AMENDMENT) ACT, 1954

ARRANGEMENT OF SECTIONS

1 Definitions.

2 Amendment of subsection (1) of section 7 of Principal Act.

3 Repeal.

4 Short title and citation.

AN ACT TO AMEND THE TRADE LOANS (GUARANTEE) ACTS, 1939 TO 1953.

[22nd December, 1954]

BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS:—

1.—In this Act—

"the Minister" means the Minister for Industry and Commerce;

"the Principal Act" means the Trade Loans (Guarantee) Act, 1939 (No. 5 of 1939);

"the Act of 1953" means the Trade Loans (Guarantee) (Amendment) Act, 1953 (No. 2 of 1953).

2.—Subsection (1) of section 7 of the Principal Act (which, as amended by section 2 of the Act of 1953, imposes a limit of one million five hundred thousand pounds on the aggregate capital amount of loans granted or guaranteed) is hereby amended by the substitution of "two million five hundred thousand pounds" for "one million five hundred thousand pounds".

3.—Section 2 of the Act of 1953 is hereby repealed.

4.—(1) This Act may be cited as the Trade Loans (Guarantee) (Amendment) Act, 1954 .

(2) The Trade Loans (Guarantee) Acts, 1939 to 1953, and this Act may be cited together as the Trade Loans (Guarantee) Acts, 1939 to 1954.