Irish Steel Holdings Limited Act, 1960

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Acquisition of shares by the Minister for Finance.

3.—(1) The Minister for Finance may, after consultation with the Minister, from time to time take up by subscription or purchase from the holder shares of the Company of any class or classes to an amount not exceeding in the aggregate £4,000,000, including any sum expended before the passing of this Act on such purchases from moneys provided by the Oireachtas.

(2) All moneys from time to time required after the passing of this Act by the Minister for Finance to meet payments required to be made by him in respect of any shares taken up or otherwise acquired by him shall be advanced out of the Central Fund or the growing produce thereof.