Unemployment Assistance (Amendment) Act, 1938
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Increase of payments to Minister out of the Unemployment Fund. |
5.—(1) In the financial year ending on the 31st day of March, 1938, there shall, in addition to the sum mentioned in section 25 of the Principal Act, be transferred to the Minister out of the Unemployment Fund a sum which bears to £50,000 (fifty thousand pounds) the same proportion as the number of days in the period commencing on the appointed day and ending on the said 31st day of March, 1938, bears to the number of days in such financial year. | |
(2) The Minister may by order fix a day to be the appointed day for the purposes of sub-section (1) of this section, and the expression “the appointed day” means in the said sub-section the day so appointed. | ||
(3) In every financial year commencing after the 31st day of March, 1938, there shall be transferred to the Minister out of the Unemployment Fund the sum of £300,000 (three hundred thousand pounds). | ||
(4) Section 25 of the Principal Act shall cease to apply in respect of any financial year commencing after the 31st day of March, 1938. | ||
(5) Any moneys transferred to the Minister under this section shall be paid into or disposed of for the benefit of the Exchequer in such manner as the Minister for Finance shall direct. | ||
(6) In this section the expression “the Unemployment Fund” means the fund established and maintained under the Unemployment Insurance Acts, 1920 to 1933, as amended by any subsequent enactment. |