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Advance of moneys out of Central Fund.
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23.—(1) All moneys from time to time required by the Minister for Finance—
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(a) to meet payments required to be made by him in respect of any shares subscribed for by him under this Act, or
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(b) to meet sums which may become payable under any guarantee given by him under this Act in respect of moneys secured by debentures issued by the Company,
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shall be advanced out of the Central Fund or the growing produce thereof.
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(2) For the purpose of providing money for the sums advanced out of the Central Fund under this section, the Minister for Finance may borrow from any person any sum or sums, and for the purpose of such borrowing the said Minister may create and issue securities bearing such rate of interest and subject to such conditions as to repayment, redemption or otherwise as he shall think fit and shall pay the moneys so borrowed into the Exchequer.
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(3) The principal of and interest on any securities issued under this Act and the expenses incurred in connection with the issue of such securities shall be charged on the Central Fund or the growing produce thereof.
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(4) Any advances out of the Central Fund or the growing produce thereof for the purpose mentioned in paragraph (b) of subsection (1) of this section shall be repaid to the Central Fund (with interest thereon at such rates as the Minister for Finance shall appoint) by the Company in such amounts and at such times as the said Minister shall appoint.
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(5) Where the whole or any part of the advances out of the Central Fund or the growing produce thereof for the purpose mentioned in paragraph (b) of subsection (1) of this section has not been repaid by the Company to the Central Fund in accordance with subsection (4) of this section, the amount so remaining outstanding shall be repaid to the Central Fund out of moneys provided by the Oireachtas.
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(6) The provision of moneys by the Oireachtas under subsection (5) of this section shall not exempt the Company from the liability to repay to the Central Fund, with interest thereon at the rate appointed by the Minister for Finance, the full amount of any advance made under paragraph (b) of subsection (1) of this section, and such repayments shall be made by the Company at such times and in such instalments as the Minister for Finance may appoint.
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