Minerals Company Act, 1945

Amendment of section 10 of the Principal Act.

16.—So much of subsection (1) of section 10 of the Principal Act, as amended by any order made under the Emergency Powers Acts, 1939 to 1942, as provides that sums advanced to the Company shall not exceed in the aggregate two hundred thousand pounds is hereby repealed, and in lieu thereof it is hereby enacted that those sums shall not exceed in the aggregate a sum equal to the difference between—

(a) four hundred thousands pounds, and

(b) the amount of any advances made to the dissolved company under section 9 of the Slievardagh Coalfield Development Act, 1941 (No. 8 of 1941).