4 1990

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Number 4 of 1990


B & I LINE ACT, 1990


ARRANGEMENT OF SECTIONS

Section

1.

Purchase of additional shares of B & I Line by Minister for Finance.

2.

Short title and collective citation.


Acts Referred to

British & Irish Steam Packet Company Limited (Acquisition) (Amendment) Act, 1971

1971, No. 11

B & I Line Act, 1988

1988, No. 4

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Number 4 of 1990


B & I LINE ACT, 1990


AN ACT TO ENABLE THE MINISTER FOR FINANCE TO PURCHASE ADDITIONAL SHARES OF THE B & I LINE PUBLIC LIMITED COMPANY. [23rd March, 1990]

BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS:

Purchase of additional shares of B & I Line by Minister for Finance.

1. —Section 2 of the British & Irish Steam Packet Company Limited (Acquisition) (Amendment) Act, 1971, is hereby amended by the substitution of “one hundred and six million ordinary shares” for “one hundred million ordinary shares” (inserted by the B & I Line Act, 1988 ), and the said section 2, as so amended, is set out in the Table to this section.

TABLE

The Minister for Finance may purchase, in addition to the ordinary shares of the Company purchased by him under the agreement approved of by section 2 of the Principal Act, not more than one hundred and six million ordinary shares of the Company of £1 each.

Short title and collective citation.

2. —(1) This Act may be cited as the B & I Line Act, 1990.

(2) The B & I Line Acts, 1965 to 1988, and this Act may be cited together as the B & I Line Acts, 1965 to 1990.