Currency (Amendment) Act, 1930

Amendment of Sections 61 & 62 of the Principal Act.

3.—(1) If and whenever the Commission shall unanimously request the Minister to add any particular security or class of securities, currency, balance, or other form of assets to the forms in which the legal tender note fund or the note reserve fund or both those funds may be held under the Principal Act, the Minister may make an order declaring in accordance with such request that the particular form or forms of assets specified in such request shall be and is or are thereby added (as the case may require) to the list of forms contained in sub-section (3) of section 61 of the Principal Act or to the list of forms contained in sub-section (2) of section 62 of the Principal Act or to both those lists.

(2) The Minister may at any time upon the unanimous request of the Commission by order rescind, vary, or amend in accordance with such request an order made by him under the foregoing sub-section of this section.

(3) No order made under either of the foregoing sub-sections shall be of any force or effect unless or until it has been laid before each House of the Oireachtas and has been approved by resolution of each such House.

(4) Whenever an order is made by the Minister under sub-section (1) of this section, the Principal Act and in particular section 61 or section 62 thereof or both those sections (as the case may be) shall, so long as such order is in force but subject to any variation or amendment thereof, under this section, be construed and have effect as if the Principal Act were amended in accordance with such order.