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Dáil Éireann debate -
Thursday, 10 Jul 1958

Vol. 170 No. 3

Committee on Finance. - International Finance Corporation Bill, 1958—Money Resolution.

I move:—

That for the purpose of any Act of the present session to approve of the terms of the agreement for the International Finance Corporation and to provide for matters (including payments) related to that agreement it is expedient to authorise the charge on and payment out of the Central Fund or the growing produce thereof of:—

(1) any payments appropriate to be made to the International Finance Corporation as provided for in such Act, and

(2) the principal and interest of any securities issued for the purpose of borrowing under such Act and the expenses incurred in connection with their issue.

The Money Resolution enables us, first of all, to pay the necessary subscription, and also enables us to borrow money to pay this.

Question put and agreed to.
Resolution reported and agreed to.
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