Funds of Suitors Act, 1966

Disposal of part of funds of suitors.

2.—(1) The Bank of Ireland shall, upon the order of the Chief Justice, pay out of the account to the Capital Fund such sum, not exceeding £450,000, as the Minister requires.

(2) Notwithstanding anything contained in subsection (4) of section 4 of the Central Fund Act, 1956 , the Capital Fund may, to the extent to which it represents the sums paid to it pursuant to this section, be applied for or towards the rebuilding of the Abbey Theatre (including the Peacock Theatre), Dublin, and the Opera House, Cork.

(3) Not more than £415,000 shall be applied under this section for or towards the rebuilding of the Abbey Theatre (including the

Peacock Theatre), Dublin, or for the benefit of the Exchequer to repay any grant or grants already made thereout for that purpose, and not more than £35,000 shall be applied under this section for or towards the rebuilding of the Opera House, Cork, or for the benefit of the Exchequer to repay any grant or grants already made thereout for that purpose.

(4) Any sums paid to the Exchequer (not being sums paid under subsection (3) of this section) in respect of the rebuilding of the Peacock Theatre shall be paid to the Capital Fund.

(5) Notwithstanding anything contained in subsection (4) of the said section 4, the Minister shall repay to the funds of suitors any sums paid to the Capital Fund under this section which are not required for the purposes of subsection (2) or (3) of this section.