Air Navigation and Transport Act, 1946

Power of Minister for Finance to acquire new shares by subscription and to underwrite issue of shares.

22.—(1) The Minister for Finance may from time to time take up by subscription any class or classes of the new shares.

(2) The Minister for Finance may, subject to such conditions as he thinks fit, agree with the Company that, if any new shares of the Company about to be offered at any time for subscriptionare not within a specified time taken up by the public, he will take up and pay for such new shares or some specified portion thereof.