Finance Act, 1931

Disposition of part of the surplus annual income of the Irish Church Temporalities Fund.

34.—(1) There shall be paid into or disposed of for the benefit of the Exchequer in such manner as the Minister for Finance may appoint out of the annual income derivable from the surplus of the Irish Church Temporalities Fund the following annual sums, that is to say:—

(a) in respect of the period of fifteen years commencing on the 1st day of April, 1930, an annual sum of forty thousand pounds, and

(b) in respect of each subsequent period of fifteen years such annual sum (not exceeding fifty-six thousand pounds) as in the opinion of the Minister for Finance can be paid without impairing the security for any liabilities existing on the 1st day of April, 1900, upon the said Fund.

(2) This section shall be deemed to have come into force on and had effect as on and from the 1st day of April, 1930.