Dáil Eireann Loans and Funds Act, 1924

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Savings certificates to be issued to subscribers to the Internal Loan.

5.—(1) There shall be issued through the Post Office to every subscriber to the Internal Loan whose name is entered in the Register of such subscribers prepared under this Act a savings certificate which shall entitle the holder thereof to be paid on the 1st day of June, 1927, the sum of twenty-eight shillings for every pound subscribed by such subscriber.

(2) All regulations for the time being in force in relation to savings certificates issued through the Post Office prior to the passing of this Act shall apply to savings certificates issued under this section, save that no part of the amount of a savings certificate issued under this section shall be payable before the 1st day of June 1927 and that the consent of the Postmaster-General shall not be necessary to an assignment of any such savings certificate.

(3) The total amount payable on the 1st day of June 1927 in respect of savings certificates issued under this section and the expenses incurred in connection with the issue and payment of such savings certificates shall be charged on the Central Fund or the growing produce thereof.