S.I. No. 204/1979 - Legal Tender Note Fund (Additional Form of Asset) Order, 1979.

S.I. No. 204 of 1979.

LEGAL TENDER NOTE FUND (ADDITIONAL FORM OF ASSET) ORDER, 1979.

I, SEOIRSE Ó COLLA, Minister for Finance, in exercise of the powers conferred on me by section 3 of the Currency (Amendment) Act, 1930 (No. 30 of 1930), as amended by section 64 of the Central Bank Act, 1942 (No. 22 of 1942), and adapted by section 11 (1) of that Act, at the unanimous request of the Board of Directors of the Central Bank of Ireland, hereby order as follows:

1. This Order may be cited as the Legal Tender Note Fund (Additional Form of Asset) Order, 1979.

2. The forms of assets mentioned in the Schedule to this Order are hereby added to the list of forms of assets contained in section 61 (3) of the Currency Act, 1927 (No. 32 of 1927), as amended by section 2 of the Currency (Amendment) Act, 1930 (No. 30 of 1930), in which the legal tender note fund may be held.

SCHEDULE.

Currencies and securities of Governments of other Member States of the European Economic Community.

ECU (currency units of the European Monetary System).

GIVEN under my Official Seal, this 14th day of June, 1979.

SEOIRSE Ó COLLA,

Minister for Finance.

EXPLANATORY NOTE.

The Order adds (1) currencies and securities of Governments of other Member States of the European Economic Community and (2) ECU (currency units of the European Monetary System) to the list of forms of assets in which the legal tender note fund may be held.