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Amendment of section 29 of the Act of 1918.
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7.—(1) For the purposes of this section—
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(a) the expression “unclaimed sums” means the sums mentioned in section 29 (which relates to the disposal of sums unclaimed in stamp sales account) of the Act of 1918, except so much thereof as is required to be dealt with in the manner set out in the proviso to the said section 29;
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(b) each of the following years shall be an accounting year—
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(i) the year 1942,
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(ii) each succeeding year.
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(2) Unclaimed sums in respect of any accounting year shall no longer be applied in the manner provided by section 29 of the Act of 1918.
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(3) When the amount of unclaimed sums in respect of any accounting year has been finally ascertained, the said sums shall be applied as follows:—
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(a) so much thereof as does not exceed fifteen thousand pounds shall be appropriated in aid of moneys provided by the Oireachtas for the expenses of administration of the Acts and this Act,
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(b) so much (if any) thereof as exceeds fifteen thousand pounds shall be carried to the Reserve Fund.
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(4) The amount of unclaimed sums in respect of each accounting year shall be estimated during the financial year commencing on the 1st day of April in that accounting year and there shall be paid out of the proceeds of sales of stamps during the said financial year a sum (which shall be appropriated in aid of moneys provided by the Oireachtas for the expenses of administration of the Acts and this Act) equal to the amount which would, if the amount of the said unclaimed sums as so estimated were the amount as finally ascertained, have been applied under paragraph (a) of sub-section (3) of this section.
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(5) If, on the final ascertainment of the amount of unclaimed sums in respect of any accounting year, it is found that the amount paid under sub-section (4) of this section is less or greater than the amount required to be paid out of the said unclaimed sums under paragraph (a) of sub-section (3) of this section, then, the sum next payable under sub-section (4) of this section shall be increased or reduced accordingly.
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