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Power of Minister to lend moneys for certain purposes.
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20.—(1) It shall be lawful for the Minister, with the consent of the Minister for Finance, to lend out of moneys provided by the Oireachtas, any sum or sums of moneys to holders of milling licences for the purposes of the acquisition, erection, adaptation, or extension of premises for storing home-grown wheat and the installation of new or additional drying plant.
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(2) All moneys lent by the Minister under this section shall be so lent on such terms and conditions as to time and manner of repayment, rate of interest, security, and other matters as the Minister shall, with the consent of the Minister for Finance, think proper in each particular case.
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(3) All moneys received by the Minister in repayment of moneys lent by him under this section or in payment of interest on or otherwise in relation to any such moneys shall be paid into or disposed of for the benefit of the Exchequer by the Minister in such manner as the Minister for Finance shall direct.
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(4) Whenever the Minister has lent any money under this section it shall be lawful for the Minister to do all or any of the following things, that is to say:—
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(a) with the consent of the Minister for Finance, to vary in any manner by agreement all or any of the terms and conditions on which such money was so lent;
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(b) with the consent aforesaid, to compound for or wholly release all or any part of such moneys or of any interest or other payment payable on or in relation to such moneys;
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(c) to take such steps (including legal proceedings) as the Minister may think proper to compel payment of or to recover all or any part of such moneys or of any interest or other payment payable on or in relation to such moneys or to enforce compliance with any term or condition on which such moneys were so lent.
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