Nítrigin Éireann Teoranta Act, 1963

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Advances to Company by Minister for Finance.

5.—(1) For the purpose of enabling the Company to perform its functions the Minister for Finance may, on the recommendation of the Minister, advance from time to time to the Company such sums (not exceeding in the aggregate, when added to any moneys advanced to the Company before the passing of this Act out of moneys provided by the Oireachtas, six million pounds) as the Company may from time to time request.

(2) Advances under subsection (1) of this section shall be made on such terms as to repayment, interest and other matters as may be determined by the Minister for Finance.

(3) All sums paid by the Company in repayment of an advance under subsection (1) of this section or in pursuance of any term or condition subject to which an advance was made under the section shall be paid into or disposed of for the benefit of the Exchequer.