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Number 33 of 1949.
IRISH NEWS AGENCY ACT, 1949.
ARRANGEMENT OF SECTIONS
Preliminary
Section | |
The Irish News Agency
The Advisory Board
Establishment, appointment and functions of the Advisory Board. |
Number 33 of 1949.
IRISH NEWS AGENCY ACT, 1949.
PART I.
Preliminary.
Short title.
1.—This Act may be cited as the Irish News Agency Act, 1949.
Definitions.
2.—In this Act—
the expression “the Agency” means the Irish News Agency;
the expression “the Companies Acts” means the Companies Acts, 1908 to 1924;
the expression “the Minister” means the Minister for External Affairs.
Expenses.
3.—The expenses incurred by the Minister 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.
Exemption from stamp duties.
4.—(1) Section 12 of the Finance Act, 1895, shall not operate so as to require the Agency to deliver to the Revenue Commissioners a copy of this Act or to pay any stamp duty under that section on any copy of this Act.
(2) Section 112 of the Stamp Act, 1891, shall not operate so as to require the Agency to deliver to the registrar of companies any statement or to pay any stamp duty under that section in respect of the share capital of the Agency.
(3) No stamp duty shall be payable on any transfer of shares of the Agency.
PART II.
The Irish News Agency.
Formation and registration of the Agency.
5.—As soon as may be after the passing of this Act the Minister shall, after consultation with the Minister for Finance, take all such steps as appear to him necessary or desirable to procure that a limited company (in this Act referred to as “the Agency”) conforming to the conditions laid down in this Act shall be formed and registered under the Companies Acts.
Name and capital of the Agency.
6.—(1) Notwithstanding the provisions of section 3 of the Companies (Consolidation) Act, 1908, the name of the Agency shall be the Irish News Agency.
(2) The share capital of the Agency shall be one hundred pounds divided into one hundred fully paid shares of one pound each and, notwithstanding anything contained in the Companies Acts, it shall not be lawful for the Agency without the consent of the Minister for Finance to increase or reduce that capital or to issue debentures.
(3) One share in the share capital of the Agency shall be allotted and issued to each of the subscribers to the Memorandum of Association of the Agency and the residue of the said share capital shall be allotted and issued to the Minister for Finance.
(4) The money payable by the subscribers to the Memorandum of Association of the Agency, and the Minister for Finance respectively as consideration for the allotment and issue to them of shares in the share capital of the Agency in pursuance of subsection (3) of this section shall be paid out of and shall be charged on the Central Fund or the growing produce thereof.
The Memorandum of Association of the Agency.
7.—(1) The Memorandum of Association of the Agency shall be in such form consistent with this Act as shall be approved of by the Minister after consultation with the Minister for Finance.
(2) The objects of the Agency shall be so stated in the Memorandum of Association that the principal function of the Agency shall be to ensure the collection, dissemination, distribution and publication of news and intelligence inside and outside the State.
The Articles of Association of the Agency.
8.—(1) The Articles of Association of the Agency shall be in such form consistent with this Act as shall be approved of by the Minister after consultation with the Minister for Finance.
(2) The following provisions shall apply and have effect in relation to the Articles of Association of the Agency, that is to say:—
(a) the said Articles shall provide that the number of the directors of the Agency shall not be less than three or more than five, including the chairman and the managing director;
(b) the said Articles shall provide that a member of either House of the Oireachtas shall not, except with the prior approval of the House of which he is a member, be appointed a director of the Agency;
(c) the said Articles shall provide that the chairman, the managing director and all the other directors shall always be appointed by the Minister for Finance after consultation with the Minister;
(d) the said Articles shall provide that the qualification for being a director of the Agency shall be the holding of at least one share in the Agency.
Alteration of Memorandum and Articles of Association of the Agency.
9.—Notwithstanding anything contained in the Companies Acts, no alteration in the Memorandum of Association or Articles of Association of the Agency shall be valid or effectual unless made with the previous approval of the Minister given after consultation with the Minister for Finance.
Loan to Agency to pay expenses of formation.
10.—The Minister may, out of moneys provided by the Oireachtas, lend to the Agency, upon such terms and conditions as to time and manner of repayment, rate of interest, security, and other matters whatsoever as he shall think proper, a sum not exceeding two hundred and fifty pounds to be applied by the Agency in or towards paying the expenses of the promotion, formation and registration of the Agency and the other preliminary expenses of the Agency and for no other purpose.
Advances by the Minister to the Agency.
11.—(1) The Minister may from time to time, with the consent of the Minister for Finance, advance to the Agency, out of moneys provided by the Oireachtas such sums as the Minister may consider necessary or desirable for the purposes of the business of the Agency.
(2) Sums advanced by the Minister to the Agency under this section and under section 10 of this Act shall be repaid by the Agency upon such terms and conditions as the Minister, with the consent of the Minister for Finance, may think proper, and any sums so repaid shall be paid into or disposed of for the benefit of the Exchequer in such manner as the Minister for Finance may direct.
Power of the Minister for Finance to acquire shares by subscription.
12.—The Minister for Finance may from time to time take up by subscription any shares in the Agency.
Powers of the Minister for Finance as shareholder.
13.—The Minister for Finance may, in respect of the shares of the Agency for the time being held by him, exercise all or any of the rights and powers from time to time exercisable by the holder of such shares, and where such rights or powers are exercisable by attorney the said Minister may, if he so thinks proper, exercise such rights or powers by his attorney.
Obligations to hold shares in trust for the Minister for Finance.
14.—(1) Every member of the Agency (including the subscribers to the Memorandum of Association of the Agency, but excluding the Minister for Finance) shall hold shares in the Agency upon trust for the Minister for Finance, and shall accordingly be bound to pay every dividend, bonus and other money received by such member on or in respect of such shares to the Minister for Finance for the benefit of the Exchequer and to transfer, as and when required by the said Minister, all or any of the shares to the said Minister or a person nominated in that behalf by the said Minister.
(2) The Minister for Finance may, from time to time as occasion requires, for the purpose of compliance with so much of the Companies Acts as requires that there shall always be at least seven members of the Agency or for the purpose of providing a person appointed or intended to be appointed to be a director of the Agency with the necessary qualifications, do either or both of the following things, that is to say:—
(a) transfer (subject to the restriction imposed by subsection (3) of this section) to any person one or more of the shares in the Agency for the time being held by the said Minister;
(b) require any member of the Agency to transfer all or any one or more of the shares in the Agency held by him to the said Minister or any other person.
(3) Save as is authorised by subsection (2) of this section, the Minister for Finance shall not transfer or otherwise alienate any of the shares in the Agency for the time being held by him and he shall not so exercise the powers conferred on him by the said subsection (2) as to reduce at any time the number of shares in the Agency held by him to less than fifty-one.
Payment of dividends, etc., into the Exchequer.
15.—Every dividend, bonus and other money received by the Minister for Finance in respect of shares in the Agency held by or in trust for him shall be paid into or disposed of for the benefit of the Exchequer in such manner as the said Minister may direct.
Obligation to furnish balance sheets, etc., to the Minister.
16.—(1) The Agency shall within ninety days after the end of every accounting year furnish to the Minister a balance sheet for such accounting year duly audited by the auditor of the Agency and also a profit and loss account for the same accounting year similarly audited.
(2) The balance sheet and profit and loss account to be furnished under this section shall be drawn up in such manner as the Minister, after consultation with the Minister for Finance, shall direct, and such balance sheet shall contain (in addition to any matter required by such direction) a summary of the capital, assets and liabilities of the Agency together with such particulars as will disclose the nature of such assets and liabilities and the manner in which the value of the assets was arrived at.
(3) The Agency shall on demand furnish to the Minister such explanations as the Minister shall think proper to require in respect of any balance sheet or profit and loss account furnished pursuant to this section.
(4) A copy of every balance sheet and profit and loss account furnished to the Minister pursuant to this section shall be laid by him before each House of the Oireachtas as soon as may be after such balance sheet and profit and loss account are so furnished to him.
(5) If the Agency makes default in complying with any of the provisions of this section, the Agency, and every director, manager and other officer of the Agency who knowingly and wilfully authorised or permitted such default shall be guilty of an offence under this section and shall be liable on summary conviction thereof to a fine not exceeding five pounds for every day during which the default continues.
(6) An offence under this section may be prosecuted by or at the suit of the Minister.
Winding up of the Agency.
17.—In the event of the Agency being wound up all moneys remaining, after the debts of the Agency have been paid, shall be paid into and disposed of for the benefit of the Exchequer in such manner as the Minister for Finance shall direct.
PART III.
The Advisory Board.
Establishment, appointment and functions of the Advisory Board.
18.—(1) The Minister may by order establish a board (in this section referred to as the Advisory Board) to advise and assist the Agency in the conduct of its functions as and when requested by the Managing Director of the Agency.
(2) The Advisory Board shall consist of so many (not being more than seven) members as the Minister shall think proper and the members shall be appointed by the Minister.
(3) The members of the Advisory Board shall, to such extent as the Minister in his absolute discretion may consider advisable, include persons representative of newspaper editors, journalists, correspondents, broadcasting authorities and such other persons as the Minister may deem competent to advise the Agency.
(4) Each member of the Advisory Board shall, unless he sooner dies or resigns, retain his membership of the Board for one year from the date of his appointment and no longer but shall be eligible for reappointment.
(5) The remuneration, if any, of the members of the Advisory Board shall be determined from time to time by the Minister after consultation with the Minister for Finance.
Uimhir 33 de 1949.
AN tACHT UM GHNÍOMHAIREACHT NUACHTA ÉIREANNACH, 1949.
[An tiontó oifigiúil.]
CUID I.
Reamhraiteach.
Gearrtheideal.
1.—Feadfar an tAcht um Ghníomhaireacht Nuachta Éireannach, 1949, a ghairm den Acht seo.
Mínithe.
2.—San Acht seo—
ciallaíonn an abairt “an Ghníomhaireacht” an Ghníomhaireacht Nuachta Éireannach;
ciallaíonn an abairt “na hAchta Cuideachtan” na hAchta Cuideachtan, 1908 go 1924;
ciallaíonn an abairt “an tAire” an tAire Gnóthaí Eachtracha.
Caiteachais.
3.—Na caiteachais faoina raghaidh an tAire ag riaradh an Achta seo, déanfar, a mhéid a cheadós an tAire Airgeadais, iad d'íoc as airgead a sholáthrós an tOireachtas.
Diolúine ó dhleachta stampa.
4.—(1) Ní oibreoidh alt 12 den Finance Act, 1895, chun a cheangal ar an nGníomhaireacht cóip den Acht seo a sheachadadh do na Coimisinéirí Ioncaim ná aon dleacht stampa d'íoc faoin alt sin ar aon chóip den Acht seo.
(2) Ní oibreoidh alt 112 den Stamp Act, 1891, chun a cheangal ar an nGníomhaireacht aon ráiteas a sheachadadh do chláraitheoir na gcuideachtan ná aon dleacht stampa d'íoc faoin alt sin i leith scair-chaipitil na Gníomhaireachta.
(3) Ní bheidh aon dleacht stampa iníoctha ar aon aistriú ar scaireanna de chuid na Gníomhaireachta.
CUID II.
An Ghniomhaireacht Nuachta Éireannach.
An Ghníomhaireacht d'fhoirmiú agus a chlárú.
5.—A luaithe is féidir tar éis an tAcht seo a rith, déanfaidh an tAire, tar éis dul i gcomhairle leis an Aire Airgeadais, gach beart a chífear dó is gá nó is inmhianuithe chun a thabhairt go ndéanfar cuideachta theoranta (dá ngairmtear “an Ghníomhaireacht” san Acht seo), a bheas do réir na gcoinníoll atá leagtha amach san Acht seo, d'fhoirmiú agus a chlárú faoi na hAchta Cuideachtan.
Ainm agus caipiteal na Gníomhaireachta.
6.—(1) D'ainneoin forál ailt 3 den Companies (Consolidation) Act, 1908, is é an Ghníomhaireacht Nuachta Éireannach a bheas mar ainm ar an nGníomhaireacht.
(2) Is é scair-chaipiteal na Gníomhaireachta ná céad punt arna roinnt i gcéad scair láníoctha de phunt an ceann agus d'ainneoin aon ní sna hAchta Cuideachtan ní dleathach don Ghníomhaireacht, gan toiliú an Aire Airgeadais, an caipiteal sin a mhéadú ná a laghdú ná bintiúirí d'eisiúint.
(3) Déanfar aon scair amháin de scair-chaipiteal na Gníomhaireachta a leithroinnt agus d'eisiúint chun gach duine faoi leith de shuibhscríobhaithe Mheabhrán Comhlachais na Gníomhaireachta agus déanfar iarmhar an scair-chaipitil sin a leithroinnt agus d'eisiúint chun an Aire Airgeadais.
(4) An t-airgead is iníoctha ag suibscríobhaithe Mheabhrán Comhlachais na Gníomhaireachta agus ag an Aire Airgeadais faoi seach, i gcomaoin scaireanna i scair-chaipiteal na Gníomh aireachta a leithroinnt agus d'eisiúint chucu de bhun fo-ailt (3) den alt seo, íocfar as an bPríomh-Chiste nó as a thoradh fáis é agus muirearófar ar an gcéanna é.
Meabhrán Comhlachais na Gníomhaireachta.
7.—(1) Beidh Meabhrán Comhlachais na Gníomhaireachta i pé foirm, ar comhréir leis an Acht seo a cheadós an tAire, tar éis dul i gcomhairle leis an Aire Airgeadais.
(2) Déanfar cuspóirí na Gníomhaireachta a lua sa Mheabhrán Comhlachais ar chuma a léireos gurb í príomh-fheidhm na Gníomhaireachta a áirithiú go ndéanfar nuacht agus faisnéis a bhailiú, a leathadh agus d'fhoilsiú laistigh agus lasmuigh den Stát.
Airteagail Chomhlachais na Gníomhaireachta.
8.—(1) Beidh Airteagail Chomhlachais na Gníomhaireachta i pé foirm, ar comhréir leis an Acht seo, a cheadós an tAire, tar éis dul i gcomhairle leis an Aire Airgeadais.
(2) Beidh feidhm agus éifeacht ag na forála seo a leanas maidir le hAirteagail Chomhlachais na Gníomhaireachta, is é sin le rá:—
(a) forálfaidh na hAirteagail sin nach lú ná triúr agus nach mó ná cúigear, agus an Cathaoirleach agus an stiúrthóir bainistí d'áireamh, an uimhir stiúrthóirí a bheas ar an nGníomhaireacht;
(b) forálfaidh na hAirteagail sin nach ndéanfar, ach amháin le haontú roimh ré ón Tigh ar comhalta dhe é, comhalta de cheachtar Teach den Oireachtas a cheapadh ina stiúrthóir ar an nGníomhaireacht;
(c) forálfaidh na hAirteagail sin gurb é an tAire Airgeadais, tar éis dó dul i gcomhairle leis an Aire, a dhéanfas, i gcónaí, an Cathaoirleach, an stiúrthóir bainistí agus gach stiúrthóir eile a cheapadh;
(d) forálfaidh na hAirteagail sin gurb í cáilíocht is gá chun duine a bheith ina stiúrthóir ar an nGníomhaireacht scair amháin ar a laghad sa Gníomhaireacht a bheith aige.
Meabhrán Comhlachais agus Airteagail Chomhlachais na Gníomhaireachta d'athrú.
9.—D'ainneoin aon ní sna hAchta Cuideachtan, ní bheidh aon athrú ar Mheabhrán Comhlachais nó ar Airteagail Chomhlachais na Cuideachtan bailí ná éifeachtach mura ndéana an tAire, tar éis dul i gcomhairle leis an Aire Airgeadais, é a cheadú roimh ré.
Iasacht don Ghníomhaireacht chun costais a foirmithe d'íoc.
10.—Féadaidh an tAire, as airgead a sholáthrós an tOireachtas, suim nach mó ná dhá chéad agus caoga punt a thabhairt ar iasacht don Ghníomhaireacht, ar pé téarmaí agus coinníollacha maidir le tráth agus modh a haisíoctha, ráta úis, urrús, agus nithe ar bith eile, is cuí leis, lena húsáid ag an nGníomhaireacht chun nó mar chabhair chun íoctha costas bunuithe, foirmithe agus cláruithe na Gníomhaireachta agus réamhchostas eile na Gníomhaireachta agus chuige sin amháin.
Airleacain ón Aire Airgeadais don Ghníomhaireacht.
11.—(1) Féadfaidh an tAire ó am go ham, le toiliú an Aire Airgeadais, pé suimeanna d'airleacan don Ghníomhaireacht, as airgead a sholáthrós an tOireachtas, a mheasfas sé a bheith riachtanach nó inmhianuithe chun críocha gnótha na Gníomhaireachta.
(2) Aon tsuimeanna a airleacfas an tAire don Ghníomhaireacht faoin alt seo agus faoi alt 10 den Acht seo aisíocfaidh an Ghníomhaireacht iad ar pé téarmaí agus coinníollacha a mheasfas an tAire is cuí, le toiliú an Aire Airgeadais, agus déanfar aon tsuimeanna a haisíocfar amhlaidh d'íoc isteach sa Stát-Chiste nó a chur chun tairbhe don Stát-Chiste mar ordós an tAire Airgeadais.
Cumhacht an Aire Airgeadais chun scaireanna a thógaint trí shuibscríobhadh.
12.—Féadfaidh an tAire Airgeadais ó am go ham aon scaircanna sa Ghníomhaireacht a thógaint trí shuibscríobhadh.
Cumhachta an Aire Airgeadais mar scairshealbhóir.
13.—Féadfaidh an tAire Airgeadais, maidir leis na scaireanna de chuid na Gníomhaireachta a bheas aige de thuras na huaire, gach ceann nó aon cheann d'fheidhmiú de na cearta agus na cumhachta is infheidhmithe ó am go ham ag sealbhóir na scaireanna sin agus, i gcás na cearta nó na cumhachta sin a bheith infheidhmithe trí aturnae, féadfaidh an tAire sin, más cuí leis, na cearta nó na cumhachta sin d'fheidhmiú trína aturnae.
E d'oblagáid scaireanna a shealbhú ar iontaobhas don Aire Airgeadais.
14.—(1) Is ar iontaobhas don Aire Airgeadais a shealbhós gach comhalta den Ghníomhaireacht (agus suibscríobhaithe Mheabhrán Comhlachais na Gníomhaireachta d'áireamh ach gan an tAire Airgeadais d'áireamh) scaireanna sa Ghníomhaireacht, agus dá réir sin beidh de cheangal ar gach comhalta den tsórt sin gach díbhinn, bónas agus airgead eile a gheobhas sé ar na scaireanna sin nó ina leith d'íoc leis an Aire Airgeadais chun tairbhe don Stát-Chiste agus gach ceann nó aon cheann de na scaireanna sin d'aistriú, amhail mar cheanglós agus nuair a cheanglós an tAire sin air é, chun an Aire sin nó chun duine arna ainmniú chuige sin ag an Aire sin.
(2) Féadfaidh an tAire Airgeadais ó am go ham mar is gá, chun na forála sin de na hAchta Cuideachtan a chomhlíonadh a cheanglas seachtar comhalta ar a laghad a bheith sa Ghníomhaireacht i gcónaí nó chun na cáilíochta riachtanacha a thabhairt do dhuine a ceaptar nó atáthar ar intinn a cheapadh chun bheith ina stiúrthóir ar an nGníomhaireacht, ceachtar ní nó an dá ní acu seo a leanas a dhéanamh, is é sin le rá:—
(a) aon cheann nó cinn de na scaireanna a bheas ag an Aire sin de thuras na huaire sa Ghníomhaireacht d'aistriú (faoi réir an tsriain a forchuirtear le fo-alt (3) den alt seo) chun duine ar bith;
(b) a cheangal ar aon chomhalta den Ghníomhaireacht gach ceann nó aon cheann nó cinn de na scaireanna a bheas aige sa Ghníomhaireacht d'aistriú chun an Aire sin nó chun duine ar bith eile.
(3) Ach amháin mar a húdaraítear le fo-alt (2) den alt seo, ní aistreoidh an tAire Airgeadais ná ní choimhtheoidh ar shlí eile aon cheann de na scaireanna a bheas aige de thuras na huaire sa Ghníomhaireacht ná ní fheidhmeoidh na cumhachta a bheirtear dó leis an bhfo-alt sin (2) ar chuma a thabharfadh gur lú ná aon scair caogad tráth ar bith an uimhir scaireanna a bheas aige sa Ghníomhaireacht.
Díbhinní, etc., d'íoc isteach sa Stát-Chiste.
15.—Déanfar gach díbhinn, bónas agus airgead eile a gheobhas an tAire Airgeadais i leith scaireanna sa Ghníomhaireacht a bheas ar seilbh aige nó ar iontaobhas dó d'íoc isteach sa Stát-Chiste nó a chur chun tairbhe don Stát-Chiste mar ordós an tAire sin.
E d'oblagáid cláir chomharduithe, etc., a thabhairt don Aire.
16.—(1) Bhéarfaidh an Ghníomhaireacht don Aire, laistigh de nócha lá tar éis deireadh gach bliana cuntasaíochta, clár comharduithe don bhliain chuntasaíochta sin ar na iniúchadh go cuí ag iniúchóir na Gníomhaireachta agus fós cuntas sochair agus dochair don bhliain chuntasaíochta sin arna iniúchadh ar an gcuma chéanna.
(2) An clár comharduithe agus an cuntas sochair agus dochair a bheas le tabhairt faoin alt seo, dréachtfar iad i pé slí a ordós an tAire, tar éis dul i gcomhairle leis an Aire Airgeadais, agus beidh sa chlár comharduithe sin (i dteannta aon ní is gá do réir an ordacháin sin) coimriú ar chaipiteal, sócmhainní agus dliteanais na Gníomhaireachta maraon leis na sonraí sin a léireos cad é an cineál sócmhainní agus dliteanas iad agus cad é an modh inar háiríodh luach na sócmhainní.
(3) Bhéarfaidh an Ghníomhaireacht don Aire, arna éileamh sin orthu, pé mínithe is cuí leis an Aire d'iarraidh i leith aon chláir chomarduithe nó aon chuntais sochair agus dochair a tugadh de bhun an ailt seo.
(4) Déanfaidh an tAire cóip de gach clár comharduithe agus de gach cuntas sochair agus dochair a bhéarfar dó de bhun an ailt seo a leagadh faoi bhráid gach Tí den Oireachtas a luaithe is féidir tar éis an clár comharduithe agus an cuntas sochair agus dochair sin a thabhairt dó amhlaidh.
(5) Má mhainníonn an Ghníomhaireacht aon cheann d'fhorála an ailt seo a chomhlíonadh, beidh an Ghníomhaireacht, agus gach stiúrthóir, bainisteoir, agus oifigeach eile don Ghníomhaireacht d'údaraigh nó a cheadaigh an mhainneachtaint sin go feasach agus go toiliúil ciontach i gcion faoin alt seo agus ar a chiontú ann go hachomair dlífear fíneáil nach mó ná chúig puint a chur air in aghaidh gach lae a leanfas an mhainneachtaint.
(6) Féadfaidh an tAire, nó féadfar ar agra an Aire, cion faoin alt seo a thabhairt ar aghaidh.
An Ghníomhaireacht d'fhorceannadh.
17.—I gcás an Ghníomhaireacht d'fhorceannadh déanfar an t-airgead uile a bheas fágtha, ar fhiacha na Gníomhaireachta a bheith íoctha, d'íoc isteach sa Stát-Chiste nó a chur chun tairbhe don Stát-Chiste mar ordós an tAire Airgeadais.
CUID III.
An Bord Comhairlitheach.
Bunú, ceapadh agus feidhmeanna an Bhoird Chomhairlit high.
18.—(1) Féadfaidh an tAire, le hordú, bord (dá ngairmtear an Bord Comhairlitheach san alt seo) a bhunú chun comhairle agus cabhair a thabhairt don Ghníomhaireacht ag déanamh a bhfeidhmeanna, amhail mar iarrfas agus nuair a iarrfas Stiúrthóir Bainistí na Gníomhaireachta orthu é.
(2) Beidh ar an mBord Comhairlitheach pé uimhir chomhaltaí (nach mó ná seachtar) is cuí leis an Aire agus is é an tAire a cheapfas na comhaltaí.
(3) Beidh ar chomhaltaí an Bhoird Chomhairlithigh, a mhéid a mheasfas an tAire faoina rogha féin sin a bheith inmholta, daoine a bheas ionadaitheach d'eagarthóirí nuachtán, do nuachtóirí, comhfhreagraithe agus údaráis craolacháin agus do pé daoine eile a mheasfas an tAire a bheith inniúil ar an nGníomhaireacht a chomhairliú.
(4) Beidh gach comhalta den Choiste Comhairlitheach, mura dtarlaí roimhe sin é d'éag nó d'éirí as, ina chomhalta den Bhord go ceann bliana ar a mhéid ó dháta a cheaptha ach féadfar é d'athcheapadh.
(5) Déanfaidh an tAire ó am go ham, tar éis dul i gcomhairle leis an Aire Airgeadais, luach saothair, más ann, comhaltaí an Choiste Comhairlithigh, a chinneadh.