B & I Line Act, 1988

Purchase of additional shares of B & I Line by Minister for Finance.

2.Section 2 of the British & Irish Steam Packet Company Limited (Acquisition) (Amendment) Act, 1971 , is hereby amended by the substitution of “one hundred million ordinary shares” for “ninety-six million ordinary shares” (inserted by the British & Irish Steam Packet Company Limited (Acquisition) (Amendment) Act, 1986 ), and the said section 2, as so amended, is set out in the Table to this section.

TABLE

The Minister for Finance may purchase, in addition to the ordinary shares of the Company purchased by him under the agreement approved of by section 2 of the Principal Act, not more than one hundred million ordinary shares of the Company of £1 each.