S.I. No. 18/1925 - The Intermediate Education Commissioners (Statutory Funds Winding-Up) Order, 1925.


STATUTORY RULES AND ORDERS. 1925. No. 18.

THE INTERMEDIATE EDUCATION COMMISSIONERS (STATUTORY FUNDS WINDING-UP) ORDER, 1925.

SAORSTAT EIREANN.

The following Order, namely:—

INTERMEDIATE EDUCATION' COMMISSIONERS (STATUTORY FUNDS WINDING-UP) ORDER, 1925 (No. 18 of 1925), has this day been made by the Executive Council.

DIARMUID O hEIGCEARTAIGH,

Rùnaí don Ard-Chomhairle.

(Secretary to the Executive Council.)

DUBLIN.

This 31st day of March, 1925.

SAORSTÁT EIREANN

INTERMEDIATE EDUCATION COMMISSIONERS (STATUTORY FUNDS WINDING-UP) ORDER, 1925. (No. 18 of 1925.)

WHEREAS by Section 10 of the Ministers and Secretaries Act, 1924 (No. 16 of 1924), it is enacted that whenever the expenses or any part of the expenses of any public service assigned by or under that Act to any Department of State were at the date of the passing of that Act payable out of any specific departmental or other public funds other than the Central Fund or moneys provided by the Oireachtas, or any specific departmental or other public funds other than as aforesaid were at the date of the passing of that Act applicable to or towards the discharge of the expenses or any part of the expenses of any such public service, it shall be lawful for the Executive Council by Order to provide for the winding-up and the payment into or disposal for the benefit of the Exchequer, in such manner as the Minister for Finance may appoint, of the whole or any part of the specific departmental or other public funds out of which such expenses or any part thereof had theretofore been payable or which had theretofore been applicable in or towards the discharge of such expenses or any part thereof as aforesaid, and to declare that such expenses shall thereafter be paid out of moneys provided by the Oireachtas:

AND WHEREAS at the date of the commencement of the said Ministers and Secretaries Act, 1924 , the funds specified in the Schedule to this Order and known as the statutory funds of the Intermediate Education Commissioners were applicable to or towards the discharge of the expenses of the public services of the said Intermediate Education Commissioners:

AND WHEREAS by the Intermediate Education Commissioners (Transfer of Functions) Order, 1925, the jurisdictions, powers, duties, and functions of the Intermediate Education Commissioners were transferred to the Minister for Education, and by the same Order the said statutory funds of the said Commissioners were transferred to and vested in the Minister for Education:

AND WHEREAS it is expedient that provision should be made for the winding-up of the said statutory funds of the Intermediate Education Commissioners, and for the disposal thereof for the benefit of the Exchequer in such manner as the Minister for Finance may appoint:

NOW, the Executive Council of Saorstát Eireann, in exercise of the powers conferred on them by the said Section 10 of the Ministers and Secretaries Act, 1924 (No. 16 of 1924), and of every and any other power them in this behalf enabling, do hereby order as follows:—

1. This Order may for all purposes be cited as the Intermediate Education Commissioners (Statutory Funds Winding-up) Order, 1925. (No. 18 of 1925.)

2. The Interpretation Act, 1923 (No. 46 of 1923), applies to the interpretation of this Order in like manner as it applies to the interpretation of an Act of the Oireachtas.

3. The funds specified in Part I. of the Schedule to this Order, being the invested portion of the statutory funds formerly belonging to the Intermediate Education Commissioners, shall be disposed for the benefit of the Exchequer at such times and in such manner as the Minister for Finance may appoint.

4. During the financial year ending on the 31st day of March, 1926, and during every succeeding financial year, the annual sum specified in Part II. of the Schedule to this Order, being part of the statutory funds formerly belonging to the Intermediate Education Commissioners, shall be paid into or disposed for the benefit of the Exchequer, in such manner as the Minister for Finance may appoint.

5. The expenses of the public services of the Intermediate Education Commissioners transferred as aforesaid to the Minister for Education shall, in so far as the same have heretofore been discharged out of the said statutory funds specified in the Schedule to this Order, be paid as from and after the 31st day of March, 1925, out of moneys provided by the Oireachtas.

This 31st day of March, 1925.

SCHEDULE.

STATUTORY FUNDS OF THE INTERMEDIATE EDUCATION COMMISSIONERS.

PART I.

£853,932

11

8

2¾%

Guaranteed Land Stock.

£49,400

0

0

5 %

War Loan Stock (1929-1947).

PART II.

The annual sum of £35,390 14s. 10d., payable out of the Local Taxation Account, on account of Local Taxation (Customs and Excise) Duties by virtue of Section 3 of the Local Taxation (Customs and Excise) Act, 1890, as amended by Section 17 of the Revenue Act, 1911.

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