Damage To Property (Compensation) (Amendment) Act, 1926
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Manner of payment. |
3.—(1) Every sum payable by the Minister for Finance under section 2 of this Act shall, whenever the sum is less than fifty pounds, be paid in money out of moneys to be provided by the Oireachtas and shall, whenever the sum amounts to fifty pounds or more, be paid as follows, that is to say:— | |
(a) if the sum is a multiple of fifty pounds, by the issue to the person to whom the sum is payable of a security or securities created by an order made under section 13 of the Principal Act for the amount of such sum; | ||
(b) if the sum is not a multiple of fifty pounds, by the issue to the person to whom the sum is payable of a security or securities created by an order made under section 13 of the Principal Act for the amount of the largest multiple of fifty pounds which is less than the said sum and the payment to such person in money out of moneys to be provided by the Oireachtas of the difference between the said sum and the said largest multiple of fifty pounds. | ||
(2) Notwithstanding anything to the contrary contained in section 13 of the Principal Act securities created by an order made under that section may be issued by the Minister for Finance to the persons to whom sums are under this section payable by means of such securities. | ||
(3) No reinstatement condition shall attach or be attached to any sum payable by the Minister for Finance under section 2 of this Act. | ||
(4) Whenever two or more sums are being paid by the Minister under this Act at the one time to the one person in respect of two or more amounts of compensation, such sums may be treated for the purposes of this section as together forming one sum. |