Minerals Exploration and Development Company Act, 1941

Advances by the Minister to the Company.

10.—(1) It shall be lawful for the Minister from time to time, with the consent of the Minister for Finance, to advance to the Company out of moneys provided by the Oireachtas such sums (not exceeding in the aggregate fifty thousand pounds) as the Company shall require for the purposes of its business or for the purpose of paying the price or compensation payable by the Company in respect of the acquisition of an existing mining business under Part III of this Act.

(2) Sums advanced by the Minister to the Company under this section shall (save as is otherwise provided by this Act) be repaid by the Company in accordance with the subsequent provisions of this Act.