21 1974

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Number 21 of 1974


SHANNON FREE AIRPORT DEVELOPMENT COMPANY LIMITED (AMENDMENT) ACT, 1974


ARRANGEMENT OF SECTIONS

Section

1.

Interpretation.

2.

Amendment of section 2 of the Principal Act.

3.

Amendment of section 8 of the Principal Act and section 2 of the Act of 1970.

4.

Advances to the Company by Minister for Finance.

5.

Short title and collective citation.


Acts Referred to

Shannon Free Airport Development Company Limited (Amendment) Act, 1970

1970, No. 9

Shannon Free Airport Development Company Limited Act, 1959

1959, No. 36

Shannon Free Airport Development Company Limited (Amendment) Act, 1963

1963, No. 27

Shannon Free Airport Development Company Limited (Amendment) Act, 1961

1961, No. 31

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Number 21 of 1974


SHANNON FREE AIRPORT DEVELOPMENT COMPANY LIMITED (AMENDMENT) ACT, 1974


AN ACT TO AMEND AND EXTEND THE SHANNON FREE AIRPORT DEVELOPMENT COMPANY LIMITED ACTS, 1959 TO 1970. [16th July, 1974]

BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS:

Interpretation.

1. —(1) In this Act—

the Act of 1970” means the Shannon Free Airport Development Company Limited (Amendment) Act, 1970 ;

the Company” means the Shannon Free Airport Development Company Limited;

the Principal Act” means the Shannon Free Airport Development Company Limited Act, 1959 .

(2) The Shannon Free Airport Development Company Limited Acts, 1959 to 1970 and this Act shall be construed as one.

Amendment of section 2 of the Principal Act.

2. —So much of section 2 of the Principal Act (as amended by section 8 of the Act of 1970) as provides that the aggregate of the amounts which the Minister for Finance may subscribe under that section in taking up shares of the Company shall not exceed seventeen million pounds is hereby repealed and, in lieu thereof, it is hereby enacted that the aggregate of the amounts so subscribed shall not exceed twenty-five million pounds.

Amendment of section 8 of the Principal Act and section 2 of the Act of 1970.

3. —Section 9 of the Act of 1970 is hereby repealed and, in lieu thereof, it is hereby enacted that the aggregate amount of grants to be made to the Company under section 8 of the Principal Act and section 2 of the Act of 1970 shall not exceed seventeen million pounds.

Advances to the Company by Minister for Finance.

4. —Section 10 of the Act of 1970 is hereby repealed and, in lieu thereof, it is hereby enacted that the aggregate amount of advances under section 4 (1) of the Shannon Free Airport Development Company Limited (Amendment) Act, 1963 , and advances under section 4 of the Shannon Free Airport Development Company Limited (Amendment) Act, 1961 , shall not exceed seventeen million pounds.

Short title and collective citation.

5. —(1) This Act may be cited as the Shannon Free Airport Development Company Limited (Amendment) Act, 1974.

(2) The Shannon Free Airport Development Company Limited Acts, 1959 to 1970, and this Act may be cited together as the Shannon Free Airport Development Company Limited Acts, 1959 to 1974.