Irish Shipping Limited (Amendment) Act, 1959
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No. 3/1959: IRISH SHIPPING LIMITED (AMENDMENT) ACT, 1959 |
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ARRANGEMENT OF SECTIONS |
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2 Amendment of subsection (1) of section 2 of the Principal Act. |
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3 Amendment of subsection (2) of section 9 of the Principal Act. |
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AN ACT TO A THE IRISH SHIPPING LIMITED ACT, 1947 . |
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[18th March, 1959.] |
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BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS:— |
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| Interpretation. |
1.—(1) In this Act "the Principal Act" means the Irish Shipping Limited Act, 1947 . |
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(2) This Act shall he construed as one with the Principal Act. |
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| Amendment of subsection (1) of section 2 of the Principal Act. |
2.—Subsection (1) of section 2 of the Principal Act (which imposes a limit of £5,000,000 on the capital of the Company) is hereby amended by the substitution of "£12,000,000" for "£5,000,00". |
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| Amendment of subsection (2) of section 9 of the Principal Act. |
3.—Subsection (2) of section 9 of the Principal Act (which imposes a limit of £2,000,000 on the guarantee by the Minister of the repayment of moneys borrowed by the Company) is hereby amended by the substitution of "£5,000,000" for "£2,000,000". |
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| Repeal of section 10 of the Principal Act. |
4.—section 10 of the Principal Act (which authorises the payment of subsidies to the Company) is hereby repealed. |
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| Short title and collective citation. |
5.—(1) This Act may be cited as the Irish Shipping Limited (Amendment) Act, 1959 . |
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(2) The Principal Act, and this Act may be cited together as the Irish Shipping Limited Acts, 1947 and 1959. |
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