|
|
Allocation of profits and losses.
|
30.—(1) The profits and losses of the undertaking shall be assessed in accordance with the scheme of apportionment for the time being agreed upon by the Minister and the Minister of Commerce.
|
|
| |
(2) The amount of any loss for which, in pursuance of paragraph 2 of the scheduled agreement, the Minister is liable, shall be paid to the Board by the Minister.
|
|
| |
(3) Payments under subsection (2) shall be made on such terms as to repayment, interest or otherwise as may, with the consent of the Minister for Finance, be agreed between the Minister and the Board.
|
|
| |
(4) There may be advanced to the Board, out of moneys provided by the Oireachtas, at such times as the Minister, after consultation with the Minister of Commerce, may fix, such sum or sums as the Minister may think fit towards making good during any year any anticipated loss for which the Minister would be liable.
|
|
| |
(5) If the amount so advanced is in excess of the amount ultimately found to be due to the Board by the Minister for that year the Board shall, as soon as possible, repay the excess to the Minister.
|
|
| |
(6) If the amount so advanced is less than the amount ultimately found to be due to the Board by the Minister for that year the Minister shall, as soon as possible, pay to the Board the amount of the deficiency.
|
|
| |
(7) The amount of the profit attributable to the operation of the undertaking in the State during any year shall be paid to the Minister by the Board.
|
