Land Act, 1923

Establishment of Land Bond Fund.

10.—(1) There shall be established a Land Bond Fund under the control of the Minister for Finance out of which shall be paid the interest in respect of all Bonds issued under this Act together with the sums required for redemption of Bonds under this Act.

(2) Accounts of the receipts and expenditure of the Land Bond Fund both as regards capital and income shall be kept by the Minister for Finance and those accounts shall be audited by the Comptroller and Auditor-General and the accounts when audited shall be laid before the Oireachtas.

(3) For the purposes of this Act the Land Commission shall keep such accounts containing such particulars and entries as the Minister for Finance may direct and shall furnish those accounts to the Minister for Finance as and when required by him, and the said accounts shall be audited in such manner as the Minister for Finance may prescribe.

(4) Any balance to the credit of the capital or income account of the Land Bond Fund may be temporarily invested by the Minister for Finance in such manner as he may think fit.