Uimhir 37 de 1962.

AN tACHT DÉANTÓIREACHTA SIÚCRA (LEASÚ), 1962.

[An tiontú oifigiúil]

Léiriú.

1933, Uimh. 31.

1.—(1) San Acht seo—

ciallaíonn “fo-chuideachta cheadaithe” cuideachta arna bunú ag an gCuideachta le ceadú an Aire;

ciallaíonn “an Príomh-Acht” an tAcht Déantóireachta Siúicre, 1933.

(2) Forléireofar an Príomh-Acht agus an tAcht seo mar aon Acht amháin.

Caipiteal na Cuideachta a mhéadú.

2.—D'ainneoin aon ní contrártha dó atá sa Phríomh-Acht, nó i Meabhrán Comhlachais nó in Airteagail Chomhlachais na Cuideachta, is dleathach don Chuideachta a scair-chaipiteal a mhéadú go dtí cúig mhilliún punt san iomlán arna roinnt ina chúig mhilliún scair de phunt an ceann agus chuige sin cibé athruithe is gá a dhéanamh ar Mheabhrán Comhlachais agus Airteagail Chomhlachais na Cuideachta.

An tAire d'fháil scaireanna.

3.—Féadfaidh an tAire ó am go ham aon aicme nó aicmí scaireanna leis an gCuideachta nó le fo-chuideachta cheadaithe a fháil ó am go ham trí shuibscríobhadh nó ceannach, ach ní rachaidh méid iomlán na scaireanna a bheidh arna bhfáil amhlaidh aon tráth áirithe thar trí mhilliún cúig chéad míle punt (luach ainmniúil).

Airleacain.

4.—(1) Féadfaidh an tAire airleacain a thabhairt don Chuideachta nó d'fho-chuideachta cheadaithe le haghaidh a haidhm eanna a chur i gcrích.

(2) Tabharfar airleacain faoin alt seo ar cibé téarmaí i dtaobh aisíoca, úis agus nithe eile a chinnfidh an tAire.

Iasachtaí a ráthú.

5.—(1) (a) Féadfaidh an tAire, más oiriúnach leis é, iasacht do chuideachta (dá ngairtear an chuideachta is iasachtaí san alt seo) arb í an Chuideachta í nó fo-chuideachta cheadaithe a ráthú.

(b) San fho-alt seo ní fholaíonn “iasacht” iasacht is inráthaithe faoi alt 8 den Phríomh-Acht.

(2) Aon uair a ráthóidh an tAire iasacht faoin alt seo, féadfaidh sé a ráthú, i cibé foirm agus slí agus ar cibé téarmaí agus coinníollacha is cuí leis, go ndéanfaidh an chuideachta is iasachtaí príomhshuim na hiasachta a aisíoc go cuí nó go n-íocfar ús ar an iasacht nó go ndéanfar an phríomhshuim sin a aisíoc agus an t-ús sin a íoc.

(3) I gcás ina dtabharfar nó inar tugadh ráthaíocht faoin alt seo, tabharfaidh an chuideachta is iasachtaí don Aire, má fhoréilíonn an tAire sin, cibé urrús (lena n-áirítear, go háirithe, bintiúirí) a shonrófar san fhoréileamh chun a áirithiú go n-aisíocfar leis an Aire aon airgead a dhlífidh sé a íoc, nó a bheidh íoctha aige, faoin ráthaíocht.

(4) Déanfaidh an tAire, a luaithe is féidir tar éis deireadh gach bliana airgeadais, ráiteas a leagan faoi bhráid gach Tí den Oireachtas ina mbeidh na nithe seo a leanas leagtha amach maidir le gach ráthaíocht a tugadh faoin alt seo i rith na bliana sin nó a tugadh am ar bith roimh thosach na bliana sin agus a bhí i bhfeidhm i dtosach na bliana sin—

(a) sonraí na ráthaíochta,

(b) i gcás ina mbeidh aon íocaíocht déanta ag an Aire faoin ráthaíocht roimh dheireadh na bliana sin, méid na híocaíochta agus an méid (más aon mhéid é) a aisíocadh leis an Aire ar scór na híocaíochta,

(c) an méid den phríomhshuim lenar bhain an ráthaíocht agus a bhí gan aisíoc i ndeireadh na bliana sin.

(5) Aon airgead a íocfaidh an tAire faoi ráthaíocht faoin alt seo déanfaidh an chuideachta is iasachtaí é a aisíoc leis an Aire (maraon le hús air de réir cibé rátaí a cheapfaidh sé) laistigh de dhá bhliain ón dáta a airleacadh an t-airgead as an bPríomh-Chiste.

(6) I gcás ina mbeidh an t-airgead uile nó aon chuid den airgead a bheidh íoctha ag an Aire faoi ráthaíocht faoin alt seo gan aisíoc de réir fo-alt (5) den alt seo, déanfar an méid a bheidh gan aisíoc amhlaidh a aisíoc leis an bPríomh-Chiste as airgead a sholáthróidh an tOireachtas.

(7) D'ainneoin airgead a sholáthar faoi fho-alt (6) den alt seo chun méid a aisíoc leis an bPríomh-Chiste, leanfaidh an chuideachta is iasachtaí de bheith faoi dhliteanas don Aire i leith an mhéid sin agus déanfaidh an chuideachta is iasachtaí an méid sin (maraon le hús air de réir cibé rátaí a cheapfaidh an tAire) a aisíoc leis an Aire cibé tráthanna agus i cibé tráthchodanna a cheapfaidh sé agus, mura ndéanfar aisíoc mar a dúradh agus gan dochar d'aon mhodh gnóthaithe eile, beidh sé inghnóthaithe mar fhiach conartha shimplí in aon chúirt dlínse inniúla.

Airleacain as an bPríomh-Chiste.

6.—(1) Déanfar an t-airgead go léir a theastóidh ó am go ham ón Aire faoi chomhair suimeanna a thiocfaidh chun bheith iníoctha aige faoin bPríomh-Acht nó faoin Acht seo a airleacan as an bPríomh-Chiste nó a thoradh fáis.

(2) D'fhonn soláthar a dhéanamh le haghaidh airleacan as an bPríomh-Chiste faoin alt seo, féadfaidh an tAire aon suim nó suimeanna a fháil ar iasacht ó dhuine ar bith agus, chun an céanna a fháil ar iasacht, féadfaidh sé urrúis ar bith a bhunú agus a eisiúint agus iad faoi réir cibé ráta úis agus fós faoi réir cibé coinníollacha i dtaobh aisíoca, fuascailte nó aon nithe eile is oiriúnach leis, agus íocfaidh sé isteach sa Státchiste an t-airgead a gheobhaidh sé ar iasacht amhlaidh.

(3) Is ar an bPríomh-Chiste nó a thoradh fáis a bheidh muirear agus íoc príomhshuime agus úis aon urrús a eiseofar faoin alt seo agus muirear na gcostas faoina rachfar i ndáil leis na hurrúis sin a eisiúint.

Teorainn le comhshuim airleacan agus príomhshuime áirithe.

7.—Ní rachaidh a gcomhshuim seo a leanas, is é sin—

(a) airleacain faoi alt 4 den Acht seo nach mbeidh aisíoctha,

(b) príomhshuim a mbeidh an tAire faoi dhliteanas í a aisíoc ar scór aon ráthaíochta nó ráthaíochtaí faoi alt 5 den Acht seo, agus

(c) príomhshuim a bheidh an tAire tar éis a íoc roimhe sin ar aon ráthaíocht nó ráthaíochtaí den sórt sin agus nach mbeidh aisíoctha ag an gCuideachta nó ag an bhfo-chuideachta cheadaithe (de réir mar a bheidh),

thar cúig mhilliún punt aon tráth áirithe.

Díbhinní, etc., a íoc isteach sa Státchiste.

8.—Íocfar isteach sa Státchiste nó cuirfear chun tairbhe don Státchiste i cibé slí is oiriúnach leis an Aire:

(a) díbhinní, bónas, glan-fháltais ó dhíolacháin agus airgead eile a gheobhaidh an tAire i leith scaireanna leis an gCuideachta nó le fo-chuideachta cheadaithe,

(b) airgead a bheidh an tAire tar éis a ghnóthú màr aisíoc nó mar ús ar airgead a d'íoc sé faoi aon ráthaíocht a thug sé faoi Chuid II den Phríomh-Acht i leith an airgid a urraíodh trí bhintiúirí a d'eisigh an Chuideachta,

(c) airgead a bheidh an tAire tar éis a ghnóthú mar aisíoc nó mar ús ar airgead a d'airlic sé faoi alt 4 den Acht seo nó a aisíocadh leis nó a ghnóthaigh sé faoi fho-alt (5) nó faoi fho-alt (7) d'alt 5 den Acht seo.

Cumhachtaí an Aire i leith scaireanna a shealbhóidh sé.

9.—Féadfaidh an tAire aon scaireanna leis an gCuideachta nó le fo-chuideachta cheadaithe dar shuibscríobh sé nó a fuair sé ar shlí eile a shealbhú an fad is oiriúnach leis agus féadfaidh sé, mar is oiriúnach leis agus nuair is oiriúnach leis, na scaireanna sin go léir nó aon chuid acu a dhíol.

Forálacha breise maidir le fochuideachta cheadaithe.

1893, c. 39.

10.—(1) Bainfidh alt 11 den Phríomh-Acht le scaireanna le fo-chuideachta cheadaithe a shealbhóidh an tAire díreach mar a bhaineann sé le scaireanna leis an gCuideachta a shealbhóidh sé.

(2) Bainfidh ailt 14 agus 15 den Phríomh-Acht le fo-chuideachta cheadaithe díreach mar a bhaineann siad leis an gCuideachta.

(3) An tsriantacht atá i mír (a) d'alt 4 den Industrial and Provident Societies Act, 1893, ní bheidh feidhm aici i gcás inar fo-chuideachta cheadaithe an comhalta a bhfuil nó a éilíonn go bhfuil leas aige i scaireanna cumainn atá cláraithe faoin Acht sin agus nach mó an leas ná caoga faoin gcéad de luach ainmniúil iomlán na scaireanna sin.

Aisghairm.

11.—Aisghairtear leis seo ailt 7, 9, 10 agus 12 den Phríomh-Acht.

Gearrtheideal agus comhlua.

12.—(1) Féadfar an tAcht Déantóireachta Siúcra (Leasú), 1962, a ghairm den Acht seo.

(2) Féadfar na hAchtanna Déantóireachta Siúcra, 1933 agus 1962, a ghairm den Phríomh-Acht agus den Acht seo le chéile.

Number 37 of 1962.

SUGAR MANUFACTURE (AMENDMENT) ACT, 1962.

ARRANGEMENT OF SECTIONS

Number 37 of 1962.

SUGAR MANUFACTURE (AMENDMENT) ACT, 1962.

Interpretation.

1.—(1) In this Act—

“approved subsidiary company” means a company formed by the Company with the approval of the Minister;

“the Principal Act” means the Sugar Manufacture Act, 1933.

(2) The Principal Act and this Act shall be construed as one Act.

Increase of capital of the Company.

2.—Notwithstanding anything to the contrary contained in the Principal Act, or the Memorandum or Articles of Association of the Company, it shall be lawful for the Company to increase its share capital to a total of five million pounds divided into five million shares of one pound each and for that purpose to make such alterations as may be requisite in the Memorandum and Articles of Association.

Acquisition by Minister of shares.

3.—The Minister may from time to time acquire by subscription or purchase any class or classes of shares of the Company or an approved subsidiary company, but the total amount of shares standing so acquired at any one time shall not exceed (in nominal value) three million five hundred thousand pounds.

Advances.

4.—(1) The Minister may make advances to the Company or an approved subsidiary company for the carrying out of its objects.

(2) Advances under this section shall be made on such terms as to repayment, interest and other matters as may be determined by the Minister.

Guarantee of borrowings.

5.—(1) (a) The Minister may, if he so thinks fit, guarantee a loan to a company (thereafter in this section referred to as the borrowing company) which is the Company or an approved subsidiary company.

(b) In this subsection “loan” does not include a loan capable of being guaranteed under section 8 of the Principal Act.

(2) Whenever the Minister guarantees a loan under this section, he may guarantee, in such form and manner and on such terms and conditions as he considers proper, the due repayment by the borrowing company of the principal of the loan or the payment of interest on the loan or both the repayment of such principal and the payment of such interest.

(3) Where a guarantee under this section is or has been given, the borrowing company shall, if the Minister so requires, give to him such security (including, in particular, debentures) as may be specified in the requisition for the purpose of securing to the Minister the repayment of any moneys which he may be liable to pay or has paid under the guarantee.

(4) The Minister shall, as soon as may be after the expiration of every financial year, lay before each House of the Oireachtas a statement setting out with respect to each guarantee given under this section during that year or given at any time before, and in force at, the commencement of that year—

(a) particulars of the guarantee,

(b) in case any payment has been made by the Minister under the guarantee before the end of that year, the amount of the payment and the amount (if any) repaid to the Minister on foot of the payment,

(c) the amount of principal covered by the guarantee which was outstanding at the end of that year.

(5) Moneys paid by the Minister under a guarantee under this section shall be repaid to the Minister (with interest thereon at such rates as he appoints) by the borrowing company within two years from the date of the advance of the moneys out of the Central Fund.

(6) Where the whole or any part of moneys paid by the Minister under a guarantee under this section has not been repaid in accordance with subsection (5) of this section, the amount so remaining outstanding shall be repaid to the Central Fund out of moneys provided by the Oireachtas.

(7) Notwithstanding the provision of moneys under subsection (6) of this section to repay an amount to the Central Fund, the borrowing company shall remain liable to the Minister in respect of that amount and that amount (with interest thereon at such rates as the Minister appoints) shall be repaid to the Minister by the borrowing company at such times and in such instalments as he appoints and, in default of repayment as aforesaid and without prejudice to any other method of recovery, shall be recoverable as a simple contract debt in any court of competent jurisdiction.

Advances out of Central Fund.

6.—(1) All moneys from time to time required by the Minister to meet sums which may become payable by him under the Principal Act or this Act shall be advanced out of the Central Fund or the growing produce thereof.

(2) For the purpose of providing for advances out of the Central Fund under this section, the Minister may borrow from any person any sum or sums, and for the purpose of such borrowing he may create and issue securities bearing such rate of interest and subject to such conditions as to repayment, redemption or any other matters as he thinks fit, and shall pay the moneys so borrowed into the Exchequer.

(3) The principal of and interest on any securities issued under this section and the expenses incurred in connection with the issue of the securities shall be charged on and payable out of the Central Fund or the growing produce thereof.

Limit on aggregate of advances and certain principal.

7.—The aggregate at any one time of—

(a) advances under section 4 of this Act which have not been repaid,

(b) principal which the Minister is liable to repay on foot of any guarantee or guarantees under section 5 of this Act, and

(c) principal which the Minister has previously paid on any such guarantee or guarantees and which has not been repaid by the Company or the approved subsidiary company (as the case may be),

shall not exceed five million pounds.

Payment of dividends, etc., into Exchequer.

8.—There shall be paid into or disposed of for the benefit of the Exchequer in such manner as the Minister thinks fit:

(a) dividends, bonus, net proceeds of sales and other moneys received by the Minister in respect of shares of the Company or an approved subsidiary company,

(b) moneys recovered by the Minister in repayment of or as interest on moneys paid by him under any guarantee given by him under Part II of the Principal Act in respect of the moneys secured by debentures issued by the Company,

(c) moneys which are recovered by the Minister in repayment of or as interest on moneys advanced by him under section 4 of this Act or are repaid to or recovered by him under subsection (5) or subsection (7) of section 5 of this Act.

Powers of Minister in respect of shares held by him.

9.—The Minister may hold for as long as he thinks fit any shares of the Company or an approved subsidiary company subscribed for or otherwise acquired by him and may, as and when he thinks fit, sell all or any of such shares.

Additional provisions with respect to approved subsidiary company.

10.—(1) Section 11 of the Principal Act shall apply to shares of an approved subsidiary company held by the Minister in like manner as it applies to shares of the Company held by him.

(2) Sections 14 and 15 of the Principal Act shall apply to an approved subsidiary company in like manner as they apply to the Company.

(3) The restriction contained in paragraph (a) of section 4 of the Industrial and Provident Societies Act, 1893, shall not apply in a case in which the member having or claiming an interest in the shares of a society registered under that Act is an approved subsidiary company and the interest does not exceed fifty per cent. of the total nominal value of such shares.

Repeals.

11.—Sections 7, 9, 10 and 12 of the Principal Act are hereby repealed.

Short title and collective citation.

12.—(1) This Act may be cited as the Sugar Manufacture (Amendment) Act, 1962.

(2) The Principal Act and this Act may be cited together as the Sugar Manufacture Acts, 1933 and 1962.