Forestry Act, 1988

Provision of working capital for company.

27.—(1) The Minister for Finance may make available as working capital to the company an amount not exceeding £3 million.

(2) Liabilities of the Minister and the company under section 53 may, subject to the approval of the Minister and the Minister for Finance, be discharged by due account being taken of them along with other properly reckonable amounts in the calculation of the working capital to be made available to the company under subsection (1).

(3) The company shall issue to the Minister for Finance shares to the value of the working capital made available to it under subsection (1).