Finance Act, 1978
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Amendment of section 54 (creation and issue of securities by Minister for Finance) of Finance Act, 1970. |
49.— Section 54 of the Finance Act, 1970 , is hereby amended— | |
(a) by the insertion in subsection (2) of “or issued by the Minister for Finance under any other provision of an Act of the Oireachtas” after “under this section”, and | ||
(b) by the insertion after subsection (4) (inserted by the Finance (No. 2) Act, 1970 ), of the following subsections: | ||
“(5) Securities created and issued by the Minister for Finance either under this section or under any other provision of an Act of the Oireachtas may, whenever and so often as he thinks fit, be purchased by him from the Post Office Savings Bank Fund and cancelled. | ||
(6) The prices at which the Minister for Finance may purchase securities under subsection (5) of this section shall be fixed by him at levels which, in his opinion, are equal to the fair market prices for those securities on the days on which the sales take place.”. |