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Dáil Éireann díospóireacht -
Wednesday, 2 Aug 1933

Vol. 49 No. 10

In Committee on Finance. - Sugar Manufacture Bill—(Money Resolution).

I move:

That for the purposes of any Act of the present session to make provision for the formation and registration of a company having for its principal objects the acquisition, erection, and operation of sugar factories in Saorstát Eireann, and to provide for the acquisition by the Minister for Finance of share capital of such company, for the giving of guarantees by the State in relation to debentures issued by such company, for the compulsory acquisition of land and the construction, maintenance, and operation of transport works by such company, and for other matters connected with the matters aforesaid it is expedient to authorise:—

(1) the payment out of moneys provided by the Oireachtas of any expenses incurred in the execution of such Act and not otherwise provided for by such Act,

(2) the loan to the aforesaid company, out of moneys provided by the Oireachtas, of a sum not exceeding £20,000,

(3) the charge on and payment out of the Central Fund or the growing produce thereof, of

(a) any payments required to be made to the said company in respect of any shares subscribed for by the Minister for Finance under such Act, or

(b) any sums which become payable under any guarantee given under such Act by the Minister for Finance in respect of moneys secured by debentures issued by the said company.

(4) the charge on the Central Fund, or the growing produce thereof, of the principal and interest of any securities issued under such Act and the expenses incurred in connection with the issue of such securities.

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