Uimhir 24 de 1959.

AN tACHT CAIRDE TIONSCAIL (LEASÚ), 1959.

[An tiontó oifigiúil.]

Léiriú.

1933, Uimh. 25.

1.—(1) San Acht seo ciallaíonn “an Príomh-Acht” an tAcht Cairde Tionscail, 1933.

(2) Forléireofar na hAchtanna Cairde Tionscail, 1933 agus 1958, agus an tAcht seo mar aon Acht amháin.

Caipiteal na Cuideachta a mhéadú.

2.—D'ainneoin aon ní dá mhalairt sa Phríomh-Acht, nó i Meabhrán Comhlachais nó in Airteagail Chomhlachais na Cuideachta, is dleathach don Chuideachta a scair-chaipiteal a mhéadú go dtí deich milliún punt san iomlán arna roinnt ina scaireanna punt an ceann nó cibé ainmluachanna eile a bheidh de réir an Mheabhráin, agus chuige sin cibé athruithe is gá a dhéanamh sa Mheabhrán agus sna hAirteagail Chomhlachais.

Cumhacht na Cuideachta chun airgead a chruinniú nó a fháil ar iasacht trí bhintiúirí nó ar shlí eile.

3.—(1) Leasaítear leis seo mír 4 den Sceideal a ghabhann leis an bPríomh-Acht tríd an mír seo a leanas a chur in ionad fo-mhíre (d) :

“(d) go mbeidh cumhacht ag an gCuideachta airgead a chruinniú nó a fháil ar iasacht, trí bhintiúirí nó ar shlí eile, chun críocha na Cuideachta, ach sin faoi réir na nithe seo a leanas :

(i) ní bheidh an méid a chruinneofar nó a gheofar ar iasacht amhlaidh agus a bheidh gan íoc aon tráth áirithe níos mó ná cúig mhilliún déag punt lúide an méid (más aon mhéid é) a bheidh an tAire tar éis a íoc, faoi ráthaíocht nó ráthaíochtaí a thug sé, i leith príomhshuime airgid a chruinnigh an Chuideachta nó a fuair an Chuideachta ar iasacht agus a bheidh gan aisíoc an tráth sin ag an gCuideachta leis an Aire, agus

(ii) ní bheidh an chumhacht sin infheidhmithe, gan toiliú an Aire, aon tráth áirithe má shealbhaíonn an tAire an tráth sin níos mó ná cúigiú cuid (de réir ainmluacha) de scaireanna eisithe na Cuideachta;”.

(2) Chun críocha fo-ailt (1) den alt seo, is dleathach don Chuideachta cibé athruithe is gá a dhéanamh ina hAirteagail Chomhlachais.

Airleacain chun na Cuideachta ón Aire.

1958, Uimh. 10.

4.—(1) Féadfaidh an tAire airleacain a thabhairt don Chuideachta chun cuspóirí na Cuideachta a chur i gcrích.

(2) Tabharfar airleacain faoin alt seo de réir cibé téarmaí maidir le haisíoc, ús agus nithe eile a chinnfidh an tAire.

(3) Leasaítear leis seo fo-alt (1) d'alt 4 den Acht Cairde Tionscail (Leasú), 1958, trí “nó faoin Acht Cairde Tionscail (Leasú), 1959” a chur isteach i ndiaidh “faoin bPríomh-Acht nó faoin Acht seo”.

Teorainn le ráthaíochtaí ón Aire a leathnú.

5.—Leasaítear leis seo fo-alt (3) d'alt 3 den Acht Cairde Tionscail (Leasú), 1958, trí “£15,000,000” a chur in ionad “£5,000,000”.

Ailt 4 agus 11 den Phríomh-Acht a leasú.

6.—(1) Leasaítear leis seo alt 4 den Phríomh-Acht trí “scairchaipiteal a eiseofar chun an Aire nó” a chur isteach roimh “scairchaipital do bhéarfar amach do lucht sighnithe Mhemorandum Comhlachais na Cuideachtan”.

(2) (a) Leasaítear leis seo fo-alt (2) d'alt 11 den Phríomh-Acht trí “ordaithe ó am go ham ag an Aire, agus beidh sa chuntas cothromaíochta sin (i dteannta aon ní is gá de réir aon ordaithe den sórt sin ón Aire)” a chur in ionad “orduithe le rialacháin ar n-a ndéanamh fén alt seo, agus beidh sa chuntas cothromaíochta san (i dteanta éinní is gá do réir na rialachán san do bheith ann)”.

(b) Athghairtear leis seo fo-alt (6) d'alt 11 den Phríomh-Acht.

Gearrtheideal agus comhlua.

7.—(1) Féadfar an tAcht Cairde Tionscail (Leasú), 1959, a ghairm den Acht seo.

(2) Féadfar na hAchtanna Cairde Tionscail, 1933 go 1959, a ghairm de na hAchtanna Cairde Tionscail, 1933 agus 1958, agus den Acht seo le chéile.

Number 24 of 1959.

INDUSTRIAL CREDIT (AMENDMENT) ACT, 1959.

ARRANGEMENT OF SECTIONS

Number 24 of 1959.

INDUSTRIAL CREDIT (AMENDMENT) ACT, 1959.

Interpretation.

1.—(1) In this Act “the Principal Act” means the Industrial Credit Act, 1933.

(2) The Industrial Credit Acts, 1933 and 1958, 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 ten million pounds divided into shares of one pound each or such other denominations as shall be in accordance with the Memorandum, and for that purpose to make such alterations as may be requisite in the Memorandum and Articles of Association.

Power of the Company to raise or borrow money by means of debentures or otherwise.

3.—(1) Paragraph 4 of the Schedule to the Principal Act is hereby amended by the substitution of the following paragraph for subparagraph (d):

“(d) that the Company shall have power for the purposes of the Company to raise or borrow money by means of debentures or otherwise, subject however as follows:

(i) the amount so raised or borrowed and standing unpaid at any particular time shall not exceed

fifteen million pounds less the amount (if any) which the Minister has, under a guarantee or guarantees given by him, paid in respect of the principal of moneys raised or borrowed by the Company and which stands at that time not repaid to the Minister by the Company, and

(ii) the said power shall not, without the consent of the Minister, be exercisable at any particular time if the Minister holds at that time more than one fifth (in nominal value) of the issued shares of the Company;”.

(2) For the purposes of subsection (1)of this section, it shall be lawful for the Company to make such alterations as may be requisite in its Articles of Association.

Advances to the Company by Minister.

4.—(1) The Minister may 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.

(3) Subsection (1) of section 4 of the Industrial Credit (Amendment) Act, 1958, is hereby amended by the insertion of “or the Industrial Credit (Amendment) Act, 1959” after “the Principal Act or this Act”.

Increase of limit on guarantees by Minister.

5.—Subsection (3) of section 3 of the Industrial Credit (Amendment) Act, 1958, is hereby amended by the substitution of “£15,000,000” for “£5,000,000”.

Amendment of section 4 and 11 of Principal Act.

6.—(1) Section 4 of the Principal Act is hereby amended by the insertion of “share capital issued to the Minister or” before “share capital issued to subscribers of the Memorandum of Association of the Company”.

(2) (a) Subsection (2) of section 11 of the Principal Act is hereby amended by the substitution of “directed from time to time by the Minister, and such balance sheet shall contain (in addition to any matter required by any such direction of the Minister)” for “prescribed by regulations made under this section, and such balance sheet shall contain (in addition to any matter required by such regulations)”.

(b) Subsection (6) of section 11 of the Principal Act is hereby repealed.

Short title and collective citation.

7.—(1) This Act may be cited as the Industrial Credit (Amendment) Act, 1959.

(2) The Industrial Credit Acts, 1933 and 1958, and this Act may be cited together as the Industrial Credit Acts, 1933 to 1959.