Finance Act, 1957

Amendment of section 20 (1) (b) of Finance Act, 1922.

3.—Paragraph (b) of subsection (1) of section 20 of the Finance Act, 1922 (being the paragraph inserted by section 3 of the Finance Act, 1940 (No. 14 of 1940)) is hereby amended by the insertion therein after subparagraph (i) of the following subparagraph:

“(ia) being payable to any university or college, being a university or college in the State, for the purpose of enabling such university or college to carry on research, is so payable for a period which is or may be three years or longer, or”.