Finance Act, 1925

Remuneration of persons entrusted with the payment of interest, etc.

14.Section 6 (which relates to the remuneration of persons entrusted with the payment of interest, etc.) of the Finance Act, 1924 (No. 27 of 1924), shall be construed and have effect and be deemed always to have had effect as if the following sub-section were inserted therein in lieu of the sub-section (1) now contained therein, that is to say:—

“(1) Where a person entrusted with the payment of any interest, dividends, or other annual payments payable out of any public revenue other than that of Saorstát Eireann or in respect of the stocks, funds, shares, or securities of any foreign company, society, adventure, or concern complies with the conditions prescribed by the Revenue Commissioners under sub-section (2) of section 10 of the Finance Act, 1923 (No. 21 of 1923), such person shall be entitled to receive as remuneration an allowance to be calculated by reference to the amount of the dividends, interest, or other annual payments in respect of which such conditions have been complied with and to be fixed by the Minister for Finance at a rate or rates not being in any case less than thirteen shillings and sixpence for every thousand pounds of that amount.”