Sea Fisheries (Amendment) Act, 1974

Increase of limit on advances to Board.

2.—Section 18 of the Principal Act, as amended by section 1 of the Act of 1970, is hereby amended by the substitution of “fifteen million pounds” for “five million pounds” in subsection (1), and, accordingly, that subsection shall have effect as set out in the Table to this section.


(1) For the purpose of enabling the Board to exercise or perform their functions, the Minister for Finance may, on the recommendation of the Minister, advance from time to time to the Board, out of the Central Fund or the growing produce thereof, such sums (subject to the limitation that the total amount (disregarding interest) standing repayable in respect of them shall at no time exceed fifteen million pounds) as the Board may from time to time request.