LOANS (GUARANTEE) (AMENDMENT) ACT, 1949

Definitions.

Definitions.

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1.—In this Act—

the expression “the Minister” means the Minister for Industry and Commerce;

the expression “the Principal Act” means the Trade Loans (Guarantee) Act, 1939 (No.5 of 1939).

Extension of period for granting or guaranteeing loans under the Principal Act.

Extension of period for granting or guaranteeing loans under the Principal Act.

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2.—(1) A loan shall not be granted or guaranteed under the Principal Act after the expiration of five years from the passing of this Act.

(2) The Minister may, if he thinks fit so to do, publish in Iris Oifigiúil a notice stating that after a date (less than five years after the passing of this Act) specified in such notice he will not entertain any application for either the guarantee or the grant of a loan under the Principal Act.

(3) When a notice has been published by the Minister under subsection (2) of this section, the Minister shall not entertain any application made after the date specified in such notice for either the guarantee or the grant of a loan under the Principal Act.

Repeal.

Repeal.

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3.—The Trade Loans (Guarantee) (Amendment) Act, 1944 (No.15 of 1944), is hereby repealed.

Short title and citation.

Short title and citation.

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4.—(1) This Act may be cited as the Trade Loans (Guarantee) (Amendment) Act, 1949.

(2) The Principal Act and this Act may be cited together as the Trade Loans (Guarantee) Acts, 1939 and 1949.