Irish News Agency Act, 1949

Loan to Agency to pay expenses of formation.

10.—The Minister may, out of moneys provided by the Oireachtas, lend to the Agency, upon such terms and conditions as to time and manner of repayment, rate of interest, security, and other matters whatsoever as he shall think proper, a sum not exceeding two hundred and fifty pounds to be applied by the Agency in or towards paying the expenses of the promotion, formation and registration of the Agency and the other preliminary expenses of the Agency and for no other purpose.