S.I. No. 256/1957:

STATE GUARANTEES ACT, 1954 (AMENDMENT OF SCHEDULE) ORDER, 1957.

STATE GUARANTEES ACT, 1954 (AMENDMENT OF SCHEDULE) ORDER, 1957.

The Government, in exercise of the powers conferred on them by section 9 of the State Guarantees Act, 1954 (No. 9 of 1954), hereby make the following order with respect to which, pursuant to that section, a draft has been laid before each House of the Oireachtas and a resolution approving of the draft has been passed by each such House :

1. This Order may be cited as the State Guarantees Act, 1954 (Amendment of Schedule) Order, 1957.

2. The Schedule to the State Guarantees Act, 1954 (No. 9 of 1954), is hereby amended by adding " Dundalk Engineering Works Limited " to the bodies specified in the second column and inserting in the third column " £500,000 " in respect of that body.

GIVEN under the Official Seal of the Government, this 10th day of December, 1957.

ÉAMON DE VALERA,

Taoiseach.

Explanatory Note.

The Order enables the Minister for Finance to guarantee borrowing by the Dundalk Engineering Works Limited--up to a maximum of £500,000--under the State Guarantees Act, 1954 .