Unemployment Insurance Act, 1933

Advances by Minister for Finance.

4.—(1) The Minister for Finance may out of the Central Fund or the growing produce thereof advance any sums required for the purpose of discharging the liabilities of the Unemployment Fund under the Unemployment Insurance Acts, 1920 to 1930, as amended by this Act, and under any Act passed or to be passed before the 31st day of March, 1934 to provide for the relief of unemployed persons and to make such financial and other provisions as may be required for that purpose, and for the purpose of providing the sums to be so advanced the Minister for Finance may borrow money in such manner as he may think proper.

(2) Any sums advanced under the foregoing sub-section together with any interest thereon (if any) at such rate as may be fixed by the Minister for Finance shall be charged on and be repayable out of the Unemployment Fund.

(3) The principal and interest of any securities issued by the Minister for Finance for the purpose of borrowing under this section and the expenses incurred in connection with the issue of such securities shall be charged on the Central Fund or the growing produce thereof.