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Number 32 of 1963.
NATIONAL BUILDING AGENCY LIMITED ACT, 1963.
ARRANGEMENT OF SECTIONS
Section | |
Exercise by Minister for Finance of right or power exercisable by holder of shares. | |
Provision of money for payments under this Act out of Central Fund. | |
Acts Referred to | |
Stamp Act, 1891 | 1891, c. 39 |
1954, No. 9 | |
State Guarantees Act, 1954 (Amendment of Schedule) Order, 1961 | S.I. No. 74 of 1961 |
Number 32 of 1963.
NATIONAL BUILDING AGENCY LIMITED ACT, 1963.
Definitions.
1.—In this Act—
“the Company” means National Building Agency Limited;
“the Minister” means the Minister for Local Government.
Taking up of shares by Minister for Finance.
2.—The Minister for Finance may from time to time take up by subscription or purchase from the holder any class or classes of shares of the Company and the amounts, not exceeding in the aggregate one hundred thousand pounds, which may be subscribed or paid under this section shall be determined by the Minister for Finance after consultation with the Minister.
Holding by Minister for Finance of shares.
3.—The Minister for Finance may hold for as long as he thinks fit any shares of the Company taken up or acquired by him and may, as and when he thinks fit but after consultation with the Minister, sell or otherwise dispose of all or any of such shares.
Exercise by Minister for Finance of right or power exercisable by holder of shares.
4.—The Minister for Finance may exercise in respect of the shares of the Company held by him all the rights and powers of a holder of such shares and, where a right or power is exercisable by attorney, exercise it by his attorney.
Exemption from stamp duty.
5.—Section 112 of the Stamp Act, 1891, shall not operate so as to require the Company to deliver to the Registrar of Companies any statement or to pay any stamp duty under that section in respect of any increase of the capital of the Company made for the purpose of enabling the Minister for Finance to take up shares of the Company.
Advances to Company by Minister for Finance.
6.—(1) The Minister for Finance may, on the recommendation of the Minister, make advances to the Company for the carrying out of the Company's 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 for Finance.
Guaranteeing by Minister of borrowings by Company.
7.—(1) The Minister may, with the consent of the Minister for Finance, guarantee, in such form and manner and on such terms and conditions as the Minister for Finance may sanction, the due repayment by the Company of the principal of any moneys borrowed by the Company or the payment of interest on such moneys or both the repayment of the principal and the payment of the interest.
(2) Where a guarantee under this section is or has been given, the 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.
(3) 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 under this section given 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.
(4) Moneys paid by the Minister under a guarantee under this section shall be repaid to him (with interest thereon at such rate or rates as the Minister for Finance appoints) by the Company within two years from the date of the advance of the moneys out of the Central Fund.
(5) Where the whole or any part of moneys required by subsection (4) of this section to be repaid to the Minister has not been repaid in accordance with that subsection, the amount so remaining outstanding shall be repaid to the Central Fund out of moneys provided by the Oireachtas.
(6) Notwithstanding the provision of moneys under subsection (5) of this section to repay the amount to the Central Fund, the Company shall remain liable to the Minister in respect of that amount and that amount (with interest thereon at such rate or rates as the Minister for Finance appoints) shall be repaid to the Minister by the Company at such times and in such instalments as the Minister for Finance 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.
Provision of money for payments under this Act out of Central Fund.
8.—(1) All moneys from time to time required by the Minister for Finance and the Minister to meet sums which may become payable by them under this Act shall be advanced out of the Central Fund or the growing produce thereof.
(2) The Minister for Finance may, for the purpose of providing for advances out of the Central Fund under this section, borrow on the security of the Central Fund or the growing produce thereof any sums required for that purpose, 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 otherwise as he thinks fit, and shall pay all moneys so borrowed into the Exchequer.
(3) The principal of and interest on all securities issued under this section and the expenses incurred in connection with the issue of such 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.
9.—The aggregate at any one time of—
(a) advances under section 6 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 7 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,
shall not exceed two million pounds.
Payments of dividends, etc., into Exchequer.
10.—There shall be paid into or disposed of for the benefit of the Exchequer in such manner as the Minister for Finance thinks fit:
(a) dividends, bonus, net proceeds of sales and other moneys received by the Minister for Finance in respect of shares of the Company,
(b) moneys which are received by the Minister for Finance in repayment of or as interest on moneys advanced by him under section 6 of this Act,
(c) moneys which are repaid to or recovered by the Minister under subsection (4) or subsection (6) of section 7 of this Act
Provisions having effect in certain circumstances.
11.—The provisions of the Schedule to this Act shall have effect so long as—
(a) the Minister for Finance holds any shares of the Company,
(b) any moneys borrowed by the Company, the due repayment of which is guaranteed by the Minister under this Act, have not been repaid,
(c) any moneys borrowed by the Company, the due repayment of which is so guaranteed and the amount of which has been paid by the Minister under the guarantee, have not (together with interest thereon at the rates appointed by the Minister for Finance) been repaid by the Company to the Minister or recovered from the Company by him, or
(d) any moneys advanced to the Company from the Central Fund have not been repaid.
Amendment of Schedule to State Guarantees Act, 1954.
12.—The Schedule to the State Guarantees Act, 1954, is hereby amended by the deletion of the references to the Company and to £250,000 inserted by the State Guarantees Act, 1954 (Amendment of Schedule) Order, 1961 .
Expenses of administration.
13.—The expenses incurred in the administration of this Act shall, to such extent as may be sanctioned by the Minister for Finance, be paid out of moneys provided by the Oireachtas.
Short title.
14.—This Act may be cited as the National Building Agency Limited Act, 1963.
SCHEDULE.
Provisions having effect so long as the Minister for Finance holds any shares of the Company or any moneys borrowed by the Company the due repayment of which is guaranteed by the Minister have not been repaid or any moneys paid by the Minister under a guarantee have not been repaid to him by or recovered by him from the Company or any moneys advanced to the Company from the Central Fund have not been repaid.
Restriction on alteration of memorandum and articles of association.
1. Notwithstanding anything contained in the Companies Acts, 1908 to 1959, or in the memorandum or articles of association of the Company, an alteration in the said memorandum or articles shall not be valid or effectual unless made with the previous approval of the Minister given after consultation with the Minister for Finance.
Vesting in Minister for Finance upon director's death, etc., of share held by such director.
2. Upon the retirement or death of a director of the Company or upon the office of a director becoming vacated in accordance with the articles of association of the Company, any share held by such director shall, without the necessity of a transfer, vest in the Minister for Finance upon payment by him to such former director or his legal personal representative of any sum which such former director paid for the acquisition of the share.
Furnishing of accounts to Minister.
3. (1) The Company shall, as soon as may be after the end of each accounting year of the Company, furnish to the Minister—
(a) a balance sheet as at the end of that accounting year duly audited by the auditor of the Company,
(b) an income and expenditure account for that accounting year duly audited by the auditor of the Company, and
(c) a copy of the report of the directors of the Company to the shareholders of the Company for that accounting year.
(2) The balance sheet and income and expenditure account furnished pursuant to subparagraph (1) of this paragraph shall be drawn up in such form and manner as the Minister, after consultation with the Minister for Finance, shall direct.
(3) A copy of every balance sheet, income and expenditure account and report furnished to the Minister pursuant to subparagraph (1) of this paragraph shall be laid by him before each House of the Oireachtas as soon as may be after such balance sheet, income and expenditure account and report are so furnished to him.
(4) The Company shall, if so required by the Minister, furnish to him such information as he may require in respect of any balance sheet, income and expenditure account or report of the Company or in relation to the policy and operations of the Company.
Membership of either House of the Oireachtas by directors, officers and servants of Company.
4. (1) Where a director of the Company is nominated either as a candidate for election to either House of the Oireachtas or as a member of Seanad Éireann, he shall thereupon cease to be a director of the Company.
(2) Where a person who is either an officer or a servant in the employment of the Company 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 or upon the termination of such employment by the Company, stand seconded from such employment,
(b) he shall not be paid by, or entitled to receive from, the Company 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 Company 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 Company for the payment, of superannuation benefits to or in respect of the officers or servants of the Company.
(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 becoming a director of the Company or an officer or servant of the Company.
Restriction on making of superannuation scheme.
5. A scheme made by the Company for the payment of superannuation benefits to or in respect of the officers or servants of the Company shall not be valid unless made with the consent of the Minister given with the concurrence of the Minister for Finance.
Uimhir 32 de 1963.
AN tACHT UM AN nGNÍOMHAIREACHT FOIRGNÍOCHTA NÁISIÚNTA TEORANTA, 1963.
[An tiontú oifigiúil.]
Mínithe.
1.—San Acht seo—
ciallaíonn “an Chuideachta” an Ghníomhaireacht Foirgníochta Náisiúnta Teoranta;
ciallaíonn “an tAire” an tAire Rialtais Áitiúil.
An tAire Airgeadais do thógáil scaireanna.
2.—Féadfaidh an tAire Airgeadais ó am go ham scaireanna d'aon aicme nó aicmí sa Chuideachta a thógáil trí shuibscríobh nó trína gceannach ón sealbhóir, agus is é an tAire Airgeadais, tar éis dó dul i gcomhairle leis an Aire, a chinnfidh na méideanna, nach mó san iomlán ná céad míle punt, a fhéadfar a shuibscríobh nó a íoc faoin alt seo.
An tAire Airgeadais do shealbhú scaireanna.
3.—Féadfaidh an tAire Airgeadais aon scaireanna sa Chuideachta a bheidh sé tar éis a thógáil nó a fháil a shealbhú an fad is oiriúnach leis agus féadfaidh sé, mar is oiriúnach agus nuair is oiriúnach leis ach tar éis dó dul i gcomhairle leis an Aire, na scaireanna sin go léir nó aon chuid díobh a dhíol nó a dhiúscairt ar shlí eile.
An tAire Airgeadais d'fheidhmiú cirt nó cumhachta is infheidhmithe ag sealbhóir scaireanna.
4.— Féadfaidh an tAire Airgeadais na cearta agus na cumhachtaí go léir a fheidhmiú i leith scaireanna a bheidh aige sa Chuideachta is infheidhmithe ag sealbhóir scaireanna den sórt sin agus, más trí aturnae is infheidhmithe ceart nó cumhacht, féadfaidh sé an céanna a fheidhmiú trína aturnae.
Díolúine ó dhleacht stampa.
1891, c. 39.
5.—Ní oibreoidh alt 112 den Stamp Act, 1891, chun a cheangal ar an gCuideachta aon ráiteas a sheachadadh do Chláraitheoir na gCuideachtaí nó aon dleacht stampa a íoc faoin alt sin i leith aon mhéadú ar chaipiteal na Cuideachta arna dhéanamh chun a chumasú don Aire Airgeadais scaireanna a thógáil sa Chuideachta.
Airleacain chun na Cuideachta ón Aire Airgeadais.
6.—(1) Féadfaidh an tAire Airgeadais, ar mholadh an Aire, airleacain a thabhairt don Chuideachta chun cuspóirí na Cuideachta a chur i gcrích.
(2) Déanfar airleacain faoin alt seo ar cibé téarmaí maidir le haisíoc, ús agus nithe eile a chinnfidh an tAire Airgeadais.
An tAire do ráthú airgid a gheobhaidh an Chuideachta ar iasacht.
7.—(1) Féadfaidh an tAire, le toiliú an Aire Airgeadais, ráthaíocht a thabhairt, i cibé foirm agus slí agus ar cibé téarmaí agus coinníollacha a cheadóidh an tAire Airgeadais, go n-aisíocfaidh an Chuideachta go cuí príomhshuim aon airgid a fuair an Chuideachta ar iasacht nó go n-íocfar ús ar an airgead sin nó go ndéanfar an phríomhshuim a aisíoc agus an t-ús a íoc.
(2) I gcás ina dtabharfar ráthaíocht, nó ina mbeifear tar éis ráthaíocht a thabhairt, faoin alt seo, tabharfaidh an Chuideachta, má fhoréilíonn an tAire é, cibé urrús (lena n-áirítear, go sonrach, bintiúirí) a shonrófar san fhoréileamh chun aisíoc aon airgid a dhlífidh an tAire a íoc, nó a bheidh íoctha aige, faoin ráthaíocht a áirithiú don Aire.
(3) Déanfaidh an tAire, a luaithe is féidir tar éis deireadh gach bliana airgeadais, ráiteas a leagan faoi bhráid gach Tí den Oireachtas ina luafar maidir le gach ráthaíocht a tugadh faoin alt seo i rith na bliana sin nó a tugadh aon tráth roimh thosach, agus a bhí i bhfeidhm i dtosach, na bliana sin—
(a) sonraí na ráthaíochta
(b) i gcás ina ndearna an tAire aon íocaíocht faoin ráthaíocht roimh dheireadh na bliana sin, méid na híocaíochta agus an méid (má b'ann) a aisíocadh leis an Aire ar scór na híocaíochta,
(c) an méid príomhshuime a bhí faoi réim na ráthaíochta agus a bhí gan aisíoc ag deireadh na bliana sin.
(4) Déanfaidh an Chuideachta airgead a d'íoc an tAire faoi ráthaíocht faoin alt seo a aisíoc leis an Aire (maraon le hús air de réir cibé rátaí a cheapfaidh an tAire Airgeadais) laistigh de dhá bhliain ón dáta a airleacadh an t-airgead as an bPríomh-Chiste.
(5) I gcás ina mbeidh an t-airgead go léir nó aon chuid den airgead is gá de réir fo-alt (4) den alt seo a aisíoc leis an Aire gan aisíoc de réir an fho-ailt sin, déanfar an tsuim a bheidh gan aisíoc amhlaidh a aisíoc leis an bPríomh-Chiste as airgead a sholáthróidh an tOireachtas.
(6) D'ainneoin airgead a sholáthar faoi fho-alt (5) den alt seo chun an tsuim a aisíoc leis an bPríomh-Chiste, leanfaidh an Chuideachta de bheith faoi dhliteanas ag an Aire i leith na suime sin agus aisíocfaidh an Chuideachta an tsuim sin (maraon le hús uirthi de réir cibé rátaí a cheapfaidh an tAire Airgeadais) leis an Aire cibé tráthanna agus i cibé tráthchodanna a cheapfaidh an tAire Airgeadais agus, mura ndéantar aisíoc mar a dúradh agus gan dochar d'aon mhodh gnóthaithe eile, féadfar í a ghnóthú mar fhiach conartha shimplí in aon chúirt dlínse inniúla.
Airgead a sholáthar le haghaidh íocaíochtaí faoin Acht seo as an bPríomh-Chiste.
8.—(1) Is as an bPríomh-Chiste nó a thoradh fáis a airleacfar an t-airgead go léir a bheidh ag teastáil ó am go ham ón Aire Airgeadais agus ón Aire faoi chomhair suimeanna a thiocfadh chun bheith iníoctha acu faoin Acht seo.
(2) Féadfaidh an tAire Airgeadais, chun airgead a sholáthar le haghaidh airleacan as an bPríomh-Chiste faoin alt seo, aon suimeanna is gá chuige sin a fháil ar iasacht ar urrús an Phríomh-Chiste nó a thoradh fáis, agus, chun an céanna a fháil ar iasacht, féadfaidh sé urrúis a bhunú agus a eisiúint, agus iad faoi cibé ráta úis agus faoi réir cibé coinníollacha i dtaobh aisíoca nó fuascailte nó eile is oiriúnach leis, agus íocfaidh sé isteach sa Státchiste an t-airgead go léir a gheobhaidh sé ar iasacht amhlaidh.
(3) Is ar an bPríomh-Chiste nó a thoradh fáis a bheidh muirear agus íoc príomhshuime agus úis gach urrúis a eiseofar faoin alt seo agus an chaiteachais faoina rachfar i ndáil leis na hurrúis sin a eisiúint.
Teorainn le comhiomlán airleacan agus príomhshuime áirithe.
9.—Ní rachaidh comhiomlán na suimeanna seo a leanas aon tráth áirithe:
(a) airleacain faoi alt 6 den Acht seo nach mbeidh aisíoctha,
(b) príomhshuim a mbeidh dliteanas ar an Aire í a aisíoc ar scór aon ráthaíocht nó ráthaíochtaí faoi alt 7 den Acht seo, agus
(c) príomhshuim a bheidh íoctha cheana ag an Aire ar aon ráthaíocht nó ráthaíochtaí den sórt sin agus nach mbeidh aisíoctha ag an gCuideachta,
thar dhá mhilliún punt.
Díbhinní, etc., a íoc isteach sa Státchiste.
10.—Íocfar isteach sa Státchiste nó cuirfear chun tairbhe don Státchiste i cibé slí is oiriúnach leis an Aire Airgeadais:
(a) díbhinní, bónas, glan-fháltais díolachán agus airgead eile a gheobhaidh an tAire Airgeadais i leith scaireanna leis an gCuideachta,
(b) airgead a gheobhaidh an tAire Airgeadais mar aisíoc nó mar ús ar airgead a bheidh sé tar éis airleacan faoi alt 6 den Acht seo,
(c) airgead a bheifear tar éis a aisíoc leis an Aire nó a bheidh an tAire tar éis a ghnóthú faoi fho-alt (4) nó faoi fho-alt (6) d'alt 7 den Acht seo.
Forálacha ag a mbeidh éifeacht i gcúinsí áirithe.
11.—Beidh éifeacht ag forálacha an Sceidil a ghabhann leis an Acht seo an fad—
(a) a bheidh aon scaireanna sa Chuideachta ag an Aire Airgeadais,
(b) a bheidh aon airgead gan aisíoc a fuair an Chuideachta ar iasacht agus a mbeidh a aisíoc cuí ráthaithe ag an Aire faoin Acht seo,
(c) a bheidh aon airgead a fuair an Chuideachta ar iasacht, agus a mbeidh a aisíoc cuí ráthaithe amhlaidh agus a mbeidh a mhéid íoctha ag an Aire faoin ráthaíocht (maraon le hús air de réir na rátaí a cheap an tAire Airgeadais), gan aisíoc ag an gCuideachta leis an Aire nó gan gnóthú ón gCuideachta ag an Aire, nó
(d) a bheidh aon airgead a airleacadh chun na Cuideachta as an bPríomh-Chiste gan aisíoc.
Leasú ar an Sceideal a ghabhann leis an Acht Ráthaíocht Stáit, 1954.
I.R. Uimh. 74 de 1961.
12.—Leasaítear leis seo an Sceideal a ghabhann leis an Acht Ráthaíocht Stáit, 1954, trí na tagairtí don Chuideachta agus do £250,000 a cuireadh isteach leis an Ordú um an Acht Ráthaíocht Stáit, 1954 (An Sceideal a Leasú), 1961, a scriosadh.
Caiteachais riaracháin.
13.—Déanfar na caiteachais faoina rachfar ag riaradh an Achta seo a íoc, a mhéid a cheadóidh an tAire Airgeadais, as airgead a sholáthróidh an tOireachtas.
Gearrtheideal.
14.—Féadfar an tAcht um an nGníomhaireacht Foirgníochta Náisúnta Teoranta, 1963, a ghairm den Acht seo.
AN SCEIDEAL.
Forálacha ag a mbeidh éifeacht an fad a bheidh aon scaireanna sa Chuideachta ag an aire Airgeadais nó aon airgead gan aisíoc a fuair an Chuideachta ar lasacht agus ar ráthaigh an tAire go naisíocfaí é go cuí nó aon airgead a d'íoc an tAire faoi ráthaíocht gan aisíoc ag an gCuideachta leis nó gan gnóthú aige ón gCuideachta nó aon airgead a airleacadh chun na Cuideachta as an bPríomh-Chiste gan aisíoc.
1. D'ainneoin aon ní in Achtanna na gCuideachtaí, 1908 go 1959, nó i meabhrán comhlachais nó airteagail chomhlachais na Cuideachta, ní bheidh aon athrú ar an meabhrán nó na hairteagail sin bailí ná éifeachtúil gan ceadú a bheith faighte chuige roimh ré ón Aire tar éis dó dul i gcomhairle leis an Aire Airgeadais.
2. Ar stiúrthóir de chuid na Cuideachta d'éirí as oifig nó má fhaigheann stiúrthóir bás nó ar oifig stiúrthóra a theacht chun bheith folamh de réir airteagail chomhlachais na Cuideachta, dílseoidh aon scair a bheidh i seilbh an stiúrthóra sin don Aire Airgeadais, gan aistriú a bheith riachtanach, ar an Aire sin d'íoc leis an athstiúrthóir sin nó lena ionadaí pearsanta dlíthiúil aon suim a d'íoc an t-athstiúrthóir sin as an scair a fháil.
3. (1) Tabharfaidh an Chuideachta, a luaithe is féidir é tar éis deireadh gach bliana cuntasaíochta, don Aire—
(a) clár comhardaithe amhail mar bhí ag deireadh na bliana cuntasaíochta sin agus é cuí-iniúchta ag iniúchóir na Cuideachta;
(b) cuntas ioncaim agus caiteachais don bhliain chuntasaíochta sin agus é cuí-iniúchta ag iniúchóir na Cuideachta; agus
(c) cóip de thuarascáil stiúrthóirí na Cuideachta chun scairshealbhóirí na Cuideachta don bhliain chuntasaíochta sin.
(2) Beidh an clár comhardaithe agus an cuntas ioncaim agus caiteachais a thabharfar de bhun fomhír (1) den mhír seo dréachtaithe i cibé slí a ordóidh an tAire tar éis dó dul i gcomhairle leis an Aire Airgeadais.
(3) Déanfaidh an tAire cóip de gach clár comhardaithe, de gach cuntas ioncaim agus caiteachais agus de gach tuarascáil a thabharfar dó de bhun fomhír (1) den mhír seo a leagan faoi bhráid gach Tí don Oireachtas a luaithe is féidir tar éis an clár comhardaithe, an cuntas ioncaim agus caiteachais agus an tuarascáil sin a thabhairt amhlaidh dó.
(4) Tabharfaidh an Chuideachta don Aire, má iarrann an tAire uirthi é, cibé eolas a iarrfaidh sé maidir le haon chlár comhardaithe, cuntas ioncaim agus caiteachais nó tuarascáil leis an gCuideachta, nó i dtaobh beartas agus gníomhaíochtaí na Cuideachta.
5. (1) Má ainmnítear duine is stiúrthóir ar an gCuideachta mar iarrthóir le toghadh chun ceachtar Teach den Oireachtas nó mar chomhalta de Sheanad Éireann, scoirfidh sé air sin de bheith ina stiúrthóir ar an gCuideachta.
(2) I gcás duine is oifigeach nó seirbhíseach i bhfostaíocht na Cuideachta 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, más túisce a tharlóidh, an dáta a éireoidh sé nó a scoirfidh sé as an bhfostaíocht sin nó a fhoirceannfaidh an Chuideachta an fhostaíocht sin, ar iasacht ón bhfostaíocht sin,
(b) ní íocfaidh an Chuideachta leis, ná ní bheidh teideal aige go bhfaigheadh sé ón gCuideachta, aon tuarastal ná pá, cibé acu é, in aghaidh na tréimhse sin.
(3) Má thagann duine atá nó a bhí ina oifigeach nó ina sheirbhíseach don Chuideachta 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 sochair aoisliúntais is iníoctha faoi scéim, arna déanamh roimh dháta an Achta seo a rith nó dá éis, ag an gCuideachta chun sochair aoisliúntais a íoc le, nó maidir le, hoifigigh nó seirbhísigh na Cuideachta.
(4) Aon duine a bheidh de thuras na huaire i dteideal faoi Bhuan-Orduithe cheachtar Tí den Oireachtas suí sa Teach sin beidh sé, an fad bheidh sé i dteideal amhlaidh, dícháilithe chun bheith ina stiúrthóir ar an gCuideachta nó ina oifigeach nó ina sheirbhíseach don Chuideachta.
5. Ní bailí do scéim a dhéanfaidh an Chuideachta le haghaidh sochar aoisliúntas a íoc le, nó maidir le, hoifigigh nó seirbhísigh na Cuideachta mura le toiliú an Aire arna thabhairt le haontú an Aire Airgeadais a dhéanfar í.