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Remission of certain debts due by the Company to the State.
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2.—The payment of the following capital sums due by the Company to the State on foot of the loans hereinafter mentioned and the payment of any interest due or accruing due at the passing of this Act on the said capital sums respectively are hereby remitted and the Company is hereby released from all liability to make the said payments or any of them, that is to say:—
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(a) the sum of £41,500 (forty-one thousand, five hundred pounds) being the balance remaining due on foot of sums amounting in the aggregate to £56,185 (fifty-six thousand, one hundred and eighty-five pounds) advanced at divers times by the Commissioners of Public Works in Ireland to the late Southern Railway Company;
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(b) the sum of £65,000 (sixty-five thousand pounds) advanced in or about the year 1902 by the Commissioners of Public Works in Ireland to the late Cork, Blackrock, and Passage Railway Company;
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(c) the sum of £179,400 (one hundred and seventy-nine thousand, four hundred pounds) advanced in or about the year 1918 by the Government of the late United Kingdom of Great Britain and Ireland to the late Dublin and South Eastern Railway Company.
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