Number 12 of 1965.

AGRICULTURAL CREDIT ACT, 1965

ARRANGEMENT OF SECTIONS

Number 12 of 1965.

AGRICULTURAL CREDIT ACT, 1965

Interpretation.

1.—In this Act—

“the Act of 1947” means the Agricultural Credit Act, 1947;

“the Act of 1961” means the Agricultural Credit Act, 1961;

“the Acts” means the Agricultural Credit Acts, 1927 to 1961;

“the Minister” means the Minister for Finance.

Increase of capital of the Corporation.

2.—The corporation may, under and in accordance with section 2 of the Act of 1961, increase its capital to a total not exceeding six million pounds and, accordingly, there shall be substituted in that section for the reference to two million pounds a reference to six million pounds.

Increase of limit on borrowing by the Corporation.

3.—(1) The amount of money raised or borrowed by the Corporation under the Acts or this Act and outstanding at any one time shall not exceed twenty million pounds.

(2) Subsection (2) of section 3 of the Act of 1961 is hereby repealed.

Increase of limit on guarantees by the Minister of borrowings by the Corporation.

4.—The amount, or the aggregate amount, of principal which the Minister may at any one time be liable to pay on foot of any guarantee or guarantees under subsection (1) of section 5 of the Act of 1961 for the time being in force, together with the amount of principal (if any) which the Minister has previously paid on foot of any such guarantees and which has not been repaid by the Corporation shall not exceed twenty million pounds and, accordingly, subsection (2) of that section shall be construed as if that sum were substituted for the sum mentioned therein.

Amendment of section 9 of Agricultural Credit Act, 1927.

5.—Section 9 of the Agricultural Credit Act, 1927, is hereby amended by—

(a) the substitution of “any source” for “co-operative societies” in paragraph (b) of subsection (1) (inserted by the Act of 1961), and

(b) the substitution of “Agricultural Credit Acts, 1927 to 1965, as amended by any subsequent enactment” for “Agricultural Credit Acts, 1927 to 1961” (inserted by the Act of 1961) in subsection (2).

Amendment of sections 39 and 42 of Act of 1947.

6.—(1) Sections 39 and 42 of the Act of 1947 are hereby amended by the substitution of “two thousand pounds” for “one thousand pounds” (inserted by the Act of 1961) in each place where it occurs in those sections.

(2) The amendments effected by subsection (1) of this section shall not have effect in respect of charges on land given before the date of the passing of this Act.

Amendment of section 48 of Act of 1947.

7.—(1) Section 48 of the Act of 1947 is hereby amended by—

(a) the substitution of “two thousand pounds” for “one thousand pounds” (inserted by the Act of 1961), and

(b) the insertion after “any person” of “or to secure the payment to the Corporation of any money liable to be paid by it on foot of a guarantee of the payment of moneys not exceeding in amount two thousand pounds and interest thereon by the personal representative given by the Corporation in respect of the personal representative as such personal representative for any purpose for which the Corporation is entitled to give a guarantee in respect of any person,”.

(2) The amendment effected by paragraph (a) of subsection (1) of this section shall not have effect in respect of charges on land given before the date of the passing of this Act.

Amendment of section 53 of Act of 1947.

8.—Section 53 of the Act of 1947 is hereby amended by—

(a) the substitution of “, the Courts of Justice Acts, 1924 to 1961, or the Enforcement of Courts Orders Acts” for “or in the Enforcement of Courts Orders Acts”,

(b) the deletion of “whether for principal, interest, or otherwise in respect of any loan or advance made (whether before or after the passing of this Act) by the Corporation”, and

(c) the substitution of “in respect of a specified transaction” for “on account of a specified loan or advance by the Corporation”.

Amendment of section 9 of Act of 1961.

9.—(1) Subsection (1) of section 9 of the Act of 1961 is hereby amended by—

(a) the insertion after paragraph (b) of the following:

“or

(c) a personal representative of any such owner exercising a power conferred on him by section 48 of the Act of 1947,”,

(b) the insertion after “guarantee on the land” of “or on any land of which a person guaranteeing the repayment to the Corporation of the moneys and interest aforesaid is the registered owner”, and

(c) the insertion after “interest on the land” of “to which the order relates”.

(2) Subsection (5) of the said section 9 is hereby amended by the insertion in paragraph (a) after “the registered owner of land” in both places where it occurs of “or his personal representative”.

(3) The following subsection shall be substituted for subsection (10) of the said section 9:

“(10) (a) Stamp duty shall not be chargeable on any instrument whereby a charge or mortgage in favour of the Corporation is created or released or a charging order or a condition subject to which moneys are lent or advanced, or a guarantee is given, by the Corporation is varied or amended under this section or the consent of the registered owner or the person in occupation of the land to which the charge relates or the personal representative of such owner or person is given to such creation, variation or amendment.

(b) No fee or other payment shall be charged or imposed by the registering authority for the registration in a register of freeholders or in the Registry of Deeds of a charge or mortgage created in favour of the Corporation or for the cancellation of the entry of a charge or mortgage in favour of the Corporation in a register of freeholders or in the Registry of Deeds, as the case may be, or for the registration or other notation in a register of freeholders of the variation or amendment of a charging order in favour of the Corporation”.

Provisions relative to Houses of Oireachtas.

10.—(1) Where a director of the Corporation is nominated, with his consent, as a candidate for election to either House of the Oireachtas or is nominated as a member of Seanad Éireann, he shall thereupon cease to be such director.

(2) Where a person who is either an officer or a servant in the employment of the Corporation becomes a member of either House of the Oireachtas—

(a) he shall, during the period commencing upon his becoming entitled under the Standing Orders of that House to sit therein and ending either when he ceases to be a member of that House or, if it should sooner happen,upon his resignation or retirement from such employment by the Corporation, stand seconded from such employment,

(b) he shall not be paid by, or entitled to receive from the Corporation any salary or wages, as the case may be, in respect of that period.

(3) If a person who is or was an officer or servant of the Corporation becomes entitled to a pension under the Ministerial and Parliamentary Offices Acts, 1938 to 1960, he shall not be entitled to reckon the whole or any part of his period of pensionable service, within the meaning of those Acts, for any superannuation benefits payable under a scheme made by the Corporation for the payment of superannuation benefits to or in respect of the officers or servants of the Corporation.

(4) A person who is for the time being entitled under the Standing Orders of either House of the Oireachtas to sit therein shall, while so entitled, be disqualified from being or becoming a director of the Corporation or an officer or servant of the Corporation.

Alteration in memorandum and articles of association of the Corporation.

11.—(1) It shall be lawful for the Corporation to make all such alterations in its memorandum and articles of association as are necessary or proper to give effect to the provisions of this Act and of the Acts as amended by this Act and as are necessary or proper by way of supplement to, or in consequence of, any such alteration.

(2) Subsections (2) and (3) of section 14 of the Act of 1961 shall apply and have effect in relation to alterations in the memorandum and articles of association of the Corporation authorised by this section in the same way as they apply and have effect in relation to alterations in that memorandum and those articles authorised by the said section 14.

Short title, construction and collective citation.

12.—(1) This Act may be cited as the Agricultural Credit Act, 1965.

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

(3) The Acts and this Act may be cited together as the Agricultural Credit Acts, 1927 to 1965.

Uimhir 12 de 1965.

AN tACHT CAIRDE TALMHAÍOCHTA, 1965

[An tiontú ofigiúil.]

Léiriú.

1947, Uimh. 14.

1961, Uimh. 13.

1.—San Acht seo—

ciallaíonn “Acht 1947” an tAcht Cairde Thalmhaíochta, 1947;

ciallaíonn “Acht 1961” an tAcht Cairde Thalmhaíochta, 1961;

ciallaíonn “na hAchtanna” na hAchtanna Cairde Thalmhaíochta, 1927 go 1961;

ciallaíonn “an tAire” an tAire Airgeadais.

Méadú ar chaipiteal na Corparáide.

2.—Féadfaidh an Chorparáid, faoi réim agus de réir alt 2 d'Acht 1961, a caipiteal a mhéadú go dtí iomlán nach mó ná sé mhilliún punt agus, dá réir sin, cuirfear tagairt do shé mhilliún punt san alt sin in ionad na tagartha do dhá mhilliún punt.

Méadú ar an méid is féidir leis an gCorparáid a fháil ar iasacht.

3.—(1) Ní rachaidh an méid airgid a chruinneoidh an Chorparáid nó a thógfaidh sí ar iasacht faoi na hAchtanna nó faoin Acht seo agus a bheidh gan aisíoc aon tráth áirithe thar fiche milliún punt.

(2) Aisghairtear leis seo fo-alt (2) d'alt 3 d'Acht 1961.

Méadú ar theorainn na ráthaíochtaí ón Aire i leith airgid a gheobhaidh an Chorparáid ar iasacht.

4.—Ní rachaidh méid, nó comhiomlán, na príomhshuime a dhlífidh an tAire aon tráth áirithe a íoc de bhun aon ráthaíochta nó ráthaíochtaí, faoi fho-alt (1) d'alt 5 d'Acht 1961, a bheidh i bhfeidhm de thuras na huaire, i dteannta méid (más ann) na príomhshuime a bheidh íoctha cheana féin ag an Aire de bhun aon ráthaíochtaí den sórt sin agus nach mbeidh aisíoctha ag an gCorparáid, thar fiche milliún punt agus, dá réir sin, forléireofar fo-alt (2) den alt sin ionann is dá gcuirfí an tsuim sin in ionad na suime atá luaite ann.

Leasú ar alt 9 den Acht Cairde Talmhaíochta, 1927.

1927, Uimh. 24.

5.—Déantar leis seo alt 9 den Acht Cairde Talmhaíochta, 1927, a leasú—

(a) trí “ó bhunadh ar bith” a chur in ionad “ó chomharchumanna” i mír (b) d'fho-alt (1) (a cuireadh isteach le hAcht 1961), agus

(b) trí “leis na hAchtanna Cairde Talmhaíochta, 1927 go 1965, arna leasú le haon achtachán ina dhiaidh sin” a chur in ionad “leis na hAchtanna Cairde Thalmhaíochta, 1927 go 1961” (a cuireadh isteach le hAcht 1961) i bhfo-alt (2).

Leasú ar ailt 39 agus 42 d'Acht 1947.

6.—(1) Déantar leis seo ailt 39 agus 42 d'Acht 1947 a leasú trí “dhá mhíle punt” a chur in ionad “míle punt” (a cuireadh isteach le hAcht 1961) gach áit a bhfuil sé sna hailt sin.

(2) Ní bheidh éifeacht ag na leasuithe a dhéantar le fo-alt (1) den alt seo maidir le muirir ar thalamh a tugadh roimh dháta an Achta seo a rith.

Leasú ar alt 48 d'Acht 1947.

7.—(1) Déantar leis seo alt 48 d'Acht 1947 a leasú—

(a) trí “dhá mhíle punt” a chur in ionad “míle punt” (a cuireadh isteach le hAcht 1961), agus

(b) trí “nó dá urrú go n-íocfar leis an gCorparáid aon airgead a dhlífidh sí a íoc de bhun ráthaíochta faoi íoc suime airgid nach mó a méid ná dhá mhíle punt maraon le hús uirthi ag an ionadaí pearsanta a bheidh tugtha ag an gCorparáid i leith an ionadaí phearsanta mar ionadaí pearsanta den sórt sin chun aon chríche a mbeidh teideal ag an gCorparáid ráthaíocht ina leith a thabhairt i gcás duine ar bith,” a chur isteach i ndiaidh “do dhuine ar bith chuici,”.

(2) Ní bheidh éifeacht ag an leasú a dhéantar le mír (a) d'fho-alt (1) den alt seo maidir le muirir ar thalamh a tugadh roimh dháta an Achta seo a rith.

Leasú ar alt 53 d'Acht 1947.

8.—Déantar leis seo alt 53 d'Acht 1947 a leasú—

(a) trí “sna hAchtanna Cúirteanna Breithiúnais, 1924 go 1961, nó sna hAchtanna um Fheidhmiú Orduithe Cúirte” a chur in ionad “nó sna hAchta um Fheidhmiú Orduithe Cúirte”,

(b) trí “pé acu in aghaidh bunairgid, úis nó eile é i leith aon iasachta nó airleacain arna thabhairt ag an gCorparáid (roimh an Acht seo a rith nó dá éis)” a scriosadh, agus

(c) trí “i leith idirbhirt shonraithe,” a chur in ionad “ar scór iasachta nó airleacain sonraithe ón gCorparáid,”.

Leasú ar alt 9 d'Acht 1961.

9.—(1) Déantar leis seo fo-alt (1) d'alt 9 d'Acht 1961 a leasú—

(a) tríd an méid seo a leanas a chur isteach i ndiaidh mhír (b):

“nó

(c) ionadaí pearsanta aon úinéara den sórt sin agus é ag feidhmiú cumhachta a thugtar dó le halt 48 d'Acht 1947,”,

(b) trí “nó ar aon talamh arb é duine a ráthaíonn aisíoc an airgid agus an úis a dúradh leis an gCorparáid a úinéir cláraithe” a chur isteach i ndiaidh “na ráthaíochta ar an talamh”, agus

(c) trí “lena mbaineann an t-ordú” a chur isteach i ndiaidh “an t-ús ar an talamh”.

(2) Déantar leis seo fo-alt (5) den alt sin 9 a leasú trí “nó dá ionadaí pearsanta” a chur isteach i ndiaidh “d'úinéir cláraithe talún” agus “go n-íocfadh úinéir cláraithe talún nó a ionadaí pearsanta” a chur in ionad “go n-íocfadh úinéir cláraithe na talún” i mír (a).

(3) Cuirfear an fo-alt seo a leanas in ionad fho-alt (10) den alt sin 9:

“(10)  (a) Ní bheidh dleacht stampa inmhuirir ar aon ionstraim trína mbunófar nó a scaoilfear muirear nó morgáiste i bhfabhar na Corparáide nó trín a ndéanfar ordú muirir nó coinníoll faoina dtabharfaidh an Chorparáid airgead ar iasacht nó ar airleacan, nó ráthaíocht, a athrú nó a leasú faoin alt seo, nó trína ndéanfar toiliú úinéara chláraithe nó an duine atá ag áitiú na talún lena mbaineann an muirear nó toiliú ionadaí phearsanta an úinéara nó an duine sin a thabhairt leis an mbunú, leis an athrú nó leis an leasú sin.

(b) Ní mhuirearóidh ná ní fhorchuirfidh an t-údarás clárúcháin aon táille ná íocaíocht eile as muirear nó morgáiste a bunaíodh i bhfabhar na Corparáide a chlárú i gclár ruílseach nó i gClárlann na nGníomhas ná as taifeadadh muirir nó morgáiste i bhfabhar na Corparáide i gclár ruílseach nó i gClárlann na nGníomhas, cibé acu é, a chealú, ná as athrú nó leasú ar ordú muirir i bhfabhar na Corparáide a chlárú nó a nótáil ar dhóigh eile i gclár ruílseach”.

Forálacha maidir le Tithe an Oireachtais.

10.—(1) Má dhéantar stiúrthóir ar an gCorparáid a ainmniú, lena thoiliú, mar iarrthóir lena thoghadh do cheachtar Teach den Oireachtas nó a ainmniú mar chomhalta de Sheanad Éireann, scoirfidh sé sin air de bheith ina stiúrthóir ar an gCorparáid.

(2) I gcás duine is oifigeach nó seirbhíseach i bhfostaíocht na Corparáide a theacht chun bheith ina chomhalta de cheachtar Teach den Oireachtas—

(a) beidh sé, i gcaitheamh na tréimhse dar tosach an dáta a thiocfaidh sé i dteideal, faoi Bhuan-Orduithe an Tí sin, suí sa Teach sin agus dar críoch an dáta a scoirfidh sé de bheith ina chomhalta den Teach sin, nó, má tharl aíonn sin roimhe sin, an dáta a éireoidh sé nó a scoirfidh sé as an bhfostaíocht sin leis an gCorparáid, ar iasacht ón bhfostaíocht sin,

(b) ní íocfaidh an Chorparáid leis, ná ní bheidh teideal aige chun go bhfaighidh sé ón gCorparáid, aon tuarastal nó pá, cibé acu é, in aghaidh na tréimhse sin.

(3) Má thagann duine atá, nó a bhí, ina oifigeach nó ina sheirbhíseach don Chorparáid chun bheith i dteideal pinsin faoi na hAchtanna um Oifigí Aireachta agus Parlaiminte, 1938 go 1960, ní bheidh sé i dteideal an t-iomlán ná aon chuid dá thréimhse sheirbhíse inphinsin, de réir bhrí na nAchtanna sin, a áireamh le haghaidh aon sochar aoisliúntais is iníoctha faoi scéim arna déanamh ag an gCorparáid chun sochair aoisliúntais a íoc le, nó maidir le, hoifigigh nó seirbhísigh na Corparáide.

(4) Aon duine a bheidh de thuras na huaire i dteideal, faoi Bhuan-Orduithe cheachtar Tí den Oireachtas, suí sa Teach sin, beidh sé dícháilithe, fad a bheidh sé i dteideal amhlaidh, chun bheith ina stiúrthóir ar an gCorparáid nó ina oifigeach nó ina sheirbhíseach don Chorparáid.

Athrú ar mheabhrán agus airteagail chomhlachais na Corparáide.

11.—(1) Is dleathach don Chorparáid na hathruithe uile is gá nó is cuí, chun éifeacht a thabhairt d'fhorálacha an Achta seo agus na nAchtanna, arna leasú leis an Acht seo, agus is gá nó is cuí mar fhorlíonadh ar aon athrú, nó de dhroim aon athruithe, den sórt sin, a dhéanamh ar a meabhrán agus a hairteagail chomhlachais.

(2) Beidh feidhm agus éifeacht ag fo-ailt (2) agus (3) d'alt 14 d'Acht 1961 maidir le hathruithe ar mheabhrán agus airteagail chomhlachais na Corparáide a údaraítear leis an alt seo amhail mar atá feidhm agus éifeacht acu maidir le hathruithe ar an meabhrán agus ar na hairteagail sin a údaraítear leis an alt sin 14.

Gearrtheideal, forléiriú agus comhlua.

12.—(1) Féadfar an tAcht Cairde Talmhaíochta, 1965, a ghairm den Acht seo.

(2) Déanfar na hAchtanna agus an tAcht seo a fhorléiriú le chéile mar aon Acht amháin.

(3) Féadfar na hAchtanna Cairde Talmhaíochta, 1927 go 1965, a ghairm de na hAchtanna agus den Acht seo le chéile.