IE
S.I. No. 56/1938 - Industrial Credit Company, Limited (Accounts) Regulations, 1938.
Statutory Text (5 Articles)
1. These Regulations may be cited as the Industrial Credit Company, Limited (Accounts) Regulations, 1938.
2. In these Regulations, the expression "the Principal Regulations" means the Industrial Credit Company, Limited (Accounts) Regulations, 1934 (Statutory Rules and Orders, No. 375 of 1934).
3. These Regulations shall be read as one with the Principal Regulations.
4. The Schedule to these Regulations shall be substituted in the Principal Regulations for the Schedule to the Principal Regulations, and references in the Principal Regulations to the Schedule thereto or the Parts thereof shall be construed as references to the Schedule to these Regulations or the Parts of that Schedule (as the case may be).
SCHEDULE.
PART
THE INDUSTRIAL CREDIT COMPANY, LIMITED.
BALANCE SHEET AS AT....................................
LIABILITIES.
ASSETS.
£
s.
d.
£
s.
d.
£
s.
d.
Capital Authorised ... ... ... ... ...
Cash in hand and at Bankers
Capital Issued and Subscribed ... ... ...
Capital Paid Up... ... ... ... ... ...
Loans and Advances (after providing for Reserves and for Bad and Doubtful Debts):—
General Reserve ... ... ... ... ... ...
Loans secured on Government Guaranteed Debentures ...
Sundry Creditors and other Accounts (including Bank Overdraft and Reserve for Contingencies)
Loans otherwise secured ...
Contingent Liability in respect of Guarantees ...
Temporary Advances ...
Profit and Loss Account ... ... ... ...
Investments (at cost or latest market quotations, whichever is the lower), less Reserves ... ...
Customers' liability in respect of Guarantees ...
Other Assets ... ... ... ... ... ...
Preliminary Expenses ... ... ... ... ...
TOTAL ... ... ... ...
TOTAL ... ... ... ...
PART II.
THE INDUSTRIAL CREDIT COMPANY, LIMITED.
PROFIT AND LOSS ACCOUNT FOR YEAR ENDED....................................
To Salaries, Wages, Directors' Fees and Office and General Expenses ... ... ... ... ...
£
s.
d.
By amount brought forward ... ... ... ...
£
s.
d.
"Provision for Income Tax and Corporation
Profits Tax ... ... ... ... ... ...
"Gross Profit (after providing for Bad and Doubtful Debts) for year ended... ... ...
"Balance ... ... ... ... ... ...
TOTAL ... ... ... ...
TOTAL ... ... ... ...
GIVEN under the Official Seal of the Minister for
Finance, this 19th day of March, 1938.
J. J. McELLIGOTT, Secretary,
Department of Finance.
STATUTORY RULES AND ORDERS. 1938. No. 56.
INDUSTRIAL CREDIT COMPANY, LIMITED (ACCOUNTS) REGULATIONS, 1938.
WHEREAS it is enacted by subsection (2) of
Section 11
of the
Industrial Credit Act, 1933
(No. 25 of 1933), that the balance sheet and profit and loss account of the Industrial Credit Company, Limited, being the company formed in pursuance of the said Act, shall be drawn up in such manner as shall be prescribed by regulations made under the said Section 11
AND WHEREAS it is enacted by subsection (6) of the said Section 11 that the Minister for Finance may by order make regulations prescribing any matter referred to in the said section as prescribed by regulations made under the said section
AND WHEREAS the Industrial Credit Company, Limited (Accounts) Regulations, 1934 (Statutory Rules and Orders, No. 375 of 1934), were made by the Minister for Finance under the said Section 11
NOW, the Minister for Finance, in exercise of the powers conferred on him by
Section 11
of the
Industrial Credit Act, 1933
(No. 25 of 1933), and of every and any other power him in this behalf enabling, hereby makes the following Regulations, that is to say:—