Local Loans Fund (Amendment) Act, 1964

1964 38

No. 38/1964:

LOCAL LOANS FUND (AMENDMENT) ACT, 1964

ARRANGEMENT OF SECTIONS

1 Increase of limit on issues from the local loans fund.

2 Writing off of certain amounts.

3 Short title and collective citation.

SCHEDULE

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1.— Section 2 of the Local Loans Fund (Amendment) Act, 1961 , is hereby repealed and in lieu thereof it is hereby enacted that the aggregate amount of the moneys issued from the local loans fund in respect of local loans during the period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.

Section 2.

SCHEDULE

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 Rivers.	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
		{2	9	8		3	1	3rd April, 1935
7.	James Kelly.	13	9		17	6	5th December, 1841
8.	George McKenzie O'Rorke.	9	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
18.	Hugh F. Small.		6	10		4	11	16th May, 1916
16.	Peter Small.		12	10		5	2	11th November, 1930

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Irish Legislation

Local Loans Fund (Amendment) Act, 1964