Damage To Property (Compensation) (Amendment) Act, 1926

Charge of certain sums on the Central Fund.

6.—(1) For discharging the liability assumed by the Irish Free State by Article 3 of the Agreement made on the 3rd day of December, 1925, between the British Government and the Government of the Irish Free State amending and supplementing the Treaty of 1921 and also for making the repayments to the British Government agreed by the said Article to be made by the Government of the Irish Free State, there shall be charged on the Central Fund and the growing produce thereof and paid thereout to the British Government the following sums at the following times, that is to say:—

(a) a sum of one hundred and fifty thousand pounds payable immediately on the passing of this Act, and

(b) an annual sum of two hundred and fifty thousand pounds payable on the 1st day of April in every year for sixty years commencing with the year 1926.

(2) Whenever by agreement between the Minister for Finance and the British Government any sum or part of a sum payable under this section to the British Government is set-off against an equal amount payable by the British Government to the Government of Saorstát Eireann, the amount so set-off shall cease to be charged on and shall not be paid out of the Central Fund or the growing produce thereof.