Shannon Fisheries Act, 1935

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Application of the income of the Board from the Shannon fisheries.

10.—The income of the Board derived from the performance of the duties in relation to the Shannon fisheries imposed on the Board by this Part of this Act, after discharging all expenses incurred by the Board in the performance of the said duties and properly chargeable to income, shall be applied to the following purposes in the following order, that is to say:—

(a) payment of all interest payable in the current year or owing in respect of any previous year to the Minister for Finance on advances made for the purposes of this Part of this Act by the said Minister to the Board under this Act;

(b) setting aside such sums as the Board, with the approval of the Minister, shall think proper for reserve fund, extensions, and other like purposes relating to the performance of the said duties;

(c) payment of all moneys payable in the current year or owing in respect of any previous year to the Minister for Finance on account of the repayment of advances made by the said Minister to the Board under this Act;

(d) appropriation for any other purpose which the Board shall think proper.