Irish Shipping Limited (Amendment) Act, 1959
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Number 3 of 1959. | ||||||||||||||
IRISH SHIPPING LIMITED (AMENDMENT) ACT, 1959. | ||||||||||||||
ARRANGEMENT OF SECTIONS | ||||||||||||||
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Number 3 of 1959. | ||||||||||||||
IRISH SHIPPING LIMITED (AMENDMENT) ACT, 1959. | ||||||||||||||
AN ACT TO AMEND THE IRISH SHIPPING LIMITED ACT, 1947 . [18th March, 1959.] | ||||||||||||||
BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS:— | ||||||||||||||
Interpretation. |
1.—(1) In this Act “the Principal Act” means the Irish Shipping Limited Act, 1947 . | |||||||||||||
(2) This Act shall be construed as one with the Principal Act. | ||||||||||||||
Amendment of subsection (1) of section 2 of the Principal Act. |
2.—Subsection (1) of section 2 of the Principal Act (which imposes a limit of £5,000,000 on the capital of the Company) is hereby amended by the substitution of “£12,000,000” for “£5,000,000”. | |||||||||||||
Amendment of subsection (2) of section 9 of the Principal Act. |
3.—Subsection (2) of section 9 of the Principal Act (which imposes a limit of £2,000,000 on the guarantee by the Minister of the repayment of moneys borrowed by the Company) is hereby amended by the substitution of “£5,000,000” for “£2,000,000”. | |||||||||||||
Repeal of section 10 of the Principal Act. |
4.—Section 10 of the Principal Act (which authorises the payment of subsidies to the Company) is hereby repealed. | |||||||||||||
Short title and collective citation. |
5.—(1) This Act may be cited as the Irish Shipping Limited (Amendment) Act, 1959. | |||||||||||||
(2) The Principal Act and this Act may be cited together as the Irish Shipping Limited Acts, 1947 and 1959. |