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Securities of Aer Lingus Teo., Aer Rianta Teo. and Aerlínte Éireann Teo.
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467.—(1) Any debentures, debenture stock or other forms of security issued after the 2nd day of July, 1964, by a company to which this section applies shall be deemed to be securities issued under the authority of the Minister for Finance within the meaning of section 466 and that section shall apply accordingly.
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(2) Notwithstanding anything contained in this Act, in computing for the purposes of assessment under Case I of Schedule D the amount of the profits or gains of a company to which this section applies, for any period for which accounts are made up, there shall be allowed as a deduction the amount of the interest on debentures, debenture stock or other forms of security which, by direction of the Minister for Finance given under section 466 as applied by this section, is paid by the company without deduction of tax for such period.
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(3) The companies to which this section applies are Aer Lingus, Teoranta, Aer Rianta, Teoranta, and Aerlínte Éireann, Teoranta.
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