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Alginate Industries (Ireland) Limited (Acquisition of Shares) Act, 1949
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Powers of Minister in respect of his shares.

3.—(1) The shares of the Company acquired by the Minister shall be allotted or transferred either, as the Minister directs, to the Minister or to a person nominated by him and different persons may be nominated in respect of different shares.

(2) The Minister may transfer any of his shares to a person nominated by him.

(3) The Minister may sell all or any of his shares.

(4) The Minister may exercise in respect of his shares all the rights and powers of a holder of shares of the Company and, where a right or power is exercisable by attorney, exercise it by his attorney.

(5) All dividends and other money received by the Minister in respect of his shares and also the net proceeds of the sale of shares shall be paid into the Exchequer.