S.I. No. 253/1964 - Land Bond Order, 1964.

S.I. No. 253 of 1964.

LAND BOND ORDER, 1964.

I, SÉAMAS Ó RIAIN, Minister for Finance, in exercise of the powers conferred on me by section 4 of the Land Bond Act, 1934 (No. 11 of 1934), section 4 of the Land Act, 1936 (No. 41 of 1936), and sections 4 and 8 of the Land Act, 1953 (No. 18 of 1953), hereby order as follows:—

1 Short title and citation

1.—(1) This Order may be cited as the Land Bond Order, 1964.

(2) This Order and the Land Bond Orders, 1934 to 1963, may be cited together as the Land Bond Orders, 1934 to 1964.

2 Interpretation

2. The Interpretation Act, 1937 (No. 38 of 1937), applies to this Order.

3 Creation of series of land bonds

3. A series of land bonds is hereby created of the total amount of four hundred thousand pounds to be known as six per cent. land bonds.

4 Denominations

4. The denominations in which the series of land bonds created by this Order shall be issued shall be one pound, ten pounds, and one hundred pounds, and no other denominations.

5 Consolidation

5. The series of land bonds created by this Order is hereby consolidated with the series of land bonds created by the Land Bond (No. 2) Order, 1957 ( S.I. No. 253 of 1957 ), the series of land bonds created by the Land Bond Order, 1960 ( S.I. No. 235 of 1960 ), the series of land bonds created by the Land Bond Order, 1961 ( S.I. No. 10 of 1961 ), the series of land bonds created by the Land Bond (No. 2) Order, 1961 ( S.I. No. 131 of 1961 ), the series of land bonds created by the Land Bond (No. 3) Order, 1961 ( S.I. No. 307 of 1961 ), the series of land bonds created by the Land Bond Order, 1962 ( S.I. No. 231 of 1962 ), and the series of land bonds created by the Land Bond Order, 1963 ( S.I. No. 272 of 1963 ), to the intent that the eight series shall form one consolidated series of land bonds created under the Land Bond Act, 1934 , amounting to the sum of four million four hundred and ninety-eight thousand pounds and paragraphs 6, 7, 8, 9, 10 and 11 of the said Land Bond (No. 2) Order, 1957, shall apply to the consolidated series accordingly.

6 Restriction in relation to certain amounts

6. The said consolidated series of land bonds shall be for the purpose of making advances and paying purchase moneys the amounts of which are agreed or fixed or deemed to be fixed in the period commencing on the 1st day of December, 1957, and ending on the 31st day of December, 1958, or in the period commencing on the 1st day of December, 1960, and ending on the 31st day of December, 1964, except in relation to advances and purchase moneys required to be made or paid by means of an issue of land bonds bearing the same rate of interest as land bonds previously issued.

GIVEN under my Official Seal, this 23rd day of October, 1964.

SÉAMAS Ó RIAIN,

Minister for Finance.

EXPLANATORY NOTE.

This Order creates an additional £400,000 of 6% land bonds to supplement the amount (£298,000) of such bonds created under the Land Bond Order, 1963.