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S.I. No. 195/1965 - Erin Foods Limited (Balance Sheet and Profit and Loss Account) Regulations, 1965.

S.I. No. 195 of 1965.

ERIN FOODS LIMITED (BALANCE SHEET AND PROFIT AND LOSS ACCOUNT) REGULATIONS, 1965.

I, JOHN LYNCH, Minister for Finance, in exercise of the powers conferred on me by section 15 of the Sugar Manufacture Act, 1933 (No. 31 of 1933), as extended by subsection (2) of section 10 of the Sugar Manufacture (Amendment) Act, 1962 (No. 37 of 1962), hereby make the following regulations:

1. These Regulations may be cited as the Erin Foods Limited (Balance Sheet and Profit and Loss Account) Regulations, 1965.

2. The Interpretation Act, 1937 (No. 38 of 1937), applies to these Regulations.

3. In these Regulations—

"the subsection" means subsection (1) of section 15 of the Principal Act, as extended by subsection (2) of section 10 of the Sugar Manufacture (Amendment) Act, 1962 (No. 37 of 1962);

"the subsidiary company" means Erin Foods Limited (being an approved subsidiary company within the meaning of section 1 of the Sugar Manufacture (Amendment) Act, 1962).

4. The balance sheet to be furnished by the subsidiary company to the Minister in pursuance of the subsection shall be in the form in which the balance sheet of the subsidiary company is required by the Companies Act, 1963 (No. 33 of 1963), to be drawn up, and shall contain a summary of the capital, assets and liabilities of the subsidiary company together with such particulars as shall disclose the nature of the said assets and liabilities and the manner in which the value of the assets was arrived at.

5. The profit and loss account of the subsidiary company to be furnished to the Minister in pursuance of the subsection shall be in the form in which the profit and loss account of the subsidiary company is required by the Companies Act, 1963 , to be drawn up.

GIVEN under my Official Seal, this 14th day of September, 1965.

JOHN LYNCH,

Minister for Finance.

EXPLANATORY NOTE.

These Regulations prescribe the form of the accounts of Erin Foods Limited to be furnished annually by the Company to the Minister for Finance pursuant to section 15 of the Sugar Manufacture Act, 1933 , as extended by section 10 (2) of the Sugar Manufacture (Amendment). Act, 1962.