Irish Steel Holdings Limited (Amendment) Act, 1971
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Construction of section 9 of Principal Act. |
3.—(1) For the purposes of section 9 of the Principal Act, the amounts guaranteed by the Minister for Finance under the State Guarantees Act, 1954 , in respect of moneys borrowed by the Company shall be deemed to be amounts guaranteed by the Minister under the Principal Act. | |
(2) In section 9 (5) (c) of the Principal Act “principal” shall be construed as including moneys owed by the Company and outstanding under a contract entered into by the Company, and in sections 12 (b) and 12 (c) of the Principal Act “moneys borrowed” shall be construed as including moneys owed by the Company and outstanding under a contract entered into by the Company. |