Sea Fisheries (Amendment) Act, 1970

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Number 8 of 1970


SEA FISHERIES (AMENDMENT) ACT, 1970


ARRANGEMENT OF SECTIONS

Section

1.

Increase of limit on advances to An Bord Iascaigh Mhara.

2.

Extension of borrowing powers of An Bord Iascaigh Mhara.

3.

Short title and collective citation.


Acts Referred to

Sea Fisheries Act, 1952

1952, No. 7

Fisheries (Amendment) Act, 1959

1959, No. 28

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Number 8 of 1970


SEA FISHERIES (AMENDMENT) ACT, 1970


AN ACT TO AMEND THE SEA FISHERIES ACTS, 1952 TO 1963. [10th June, 1970.]

BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS:

Increase of limit on advances to An Bord Iascaigh Mhara.

1.Section 18 of the Sea Fisheries Act, 1952 , as amended by section 2 of the Sea Fisheries (Amendment) Act, 1959 , is hereby amended by the substitution of “(subject to the limitation that the total amount (disregarding interest) standing repayable in respect of them shall at no time exceed five million pounds)” for “(not exceeding in the aggregate three million pounds)”.

Extension of borrowing powers of An Bord Iascaigh Mhara.

2.Section 22 of the Sea Fisheries Act, 1952 , is hereby amended by the deletion of “temporarily by arrangement with bankers” and the insertion of “capital or” before “current expenditure”.

Short title and collective citation.

3.—(1) This Act may be cited as the Sea Fisheries (Amendment) Act, 1970.

(2) The Sea Fisheries Acts, 1952 to 1963, and this Act may be cited together as the Sea Fisheries Acts, 1952 to 1970.