Finance Act, 1942

Amendment of section 29 of the Finance Act, 1940.

22.—(1) In order to remove doubts, it is hereby declared and enacted that the application by section 29 of the Finance Act, 1940 (No. 14 of 1940) to the Irish Post Office Savings Bank of the statutes and statutory orders and regulations mentioned in that section operated to authorise the investment (whether before or after the passing of this Act) of moneys of the said Bank in any one or more of the stocks, funds, and securities which are, at the passing of this Act, prescribed by law for the investment of balances to the credit of the Savings Certificates (Interest Charge Equalisation) Fund.

(2) In this section the expression “the Irish Post Office Savings Bank” has the same meaning as it has in the said section 29 of the Finance Act, 1940 (No. 14 of 1940).