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Cork Fever Hospital Act, 1935
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PART III.

The Cork Fever Hospital.

Existing committee's contribution.

7.—(1) The existing committee shall immediately upon the commencement of this Part of this Act pay to the Corporation any moneys paid to them under the Public Charitable Hospitals Acts, 1930 to 1932, and any accumulations on such moneys, less any part thereof actually expended before the date of the passing of this Act and any part thereof expended with the approval of the Minister after the date of the passing of this Act, and before the commencement of this Part of this Act, and the moneys required by this sub-section to be paid by the existing committee to the Corporation are in the subsequent provisions of this Act referred to as “the existing committee's contribution.”

(2) The existing committee's contribution shall be a debt due by the existing committee to the Corporation and may be recovered by the Corporation as a simple contract debt.

(3) The existing committee's contribution shall be applied by the Corporation for the purposes of making payments authorised by this Act to be made thereout and for no other purposes.

(4) So much of the existing committee's contribution as is not for the time being required to make payments authorised by this Act to be made thereout shall be invested by the Corporation in securities approved by the Minister, and any income arising from any such investments shall be added to and deemed for the purposes of this Part of this Act to form part of the existing committee's contribution.