LOANS (GUARANTEE) (AMENDMENT) ACT, 1954

Definitions.

Definitions.

1

1.—In this Act—

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

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

“the Act of 1953” means the Trade Loans (Guarantee) (Amendment) Act, 1953 (No. 2 of 1953).

Amendment of subsection (1) of section 7 of Principal Act.

Amendment of subsection (1) of section 7 of Principal Act.

2

2.—Subsection (1) of section 7 of the Principal Act (which, as amended by section 2 of the Act of 1953, imposes a limit of one million five hundred thousand pounds on the aggregate capital amount of loans granted or guaranteed) is hereby amended by the substitution of “two million five hundred thousand pounds” for “one million five hundred thousand pounds”.

Repeal.

Repeal.

3

3.—Section 2 of the Act of 1953 is hereby repealed.

Short title and citation.

Short title and citation.

4

4.—(1) This Act may be cited as the Trade Loans (Guarantee) (Amendment) Act, 1954.

(2) The Trade Loans (Guarantee) Acts, 1939 to 1953, and this Act may be cited together as the Trade Loans (Guarantee) Acts, 1939 to 1954.