STEEL HOLDINGS LIMITED (AMENDMENT) ACT, 1963

Interpretation and construction.

Interpretation and construction.

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1.—(1) In this Act “the Principal Act” means the Irish Steel Holdings Limited Act, 1960.

(2) This Act shall be construed as one with the Principal Act.

Amendment of section 2 of the Principal Act.

Amendment of section 2 of the Principal Act.

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2.—Section 2 of the Principal Act (which provides that the share capital of the Company shall be £4,000,000) is hereby amended by the substitution of “£6,000,000” for “four million pounds”.

Amendment of section 3 of the Principal Act.

Amendment of section 3 of the Principal Act.

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3.—Section 3 of the Principal Act (which imposes a limit of £4,000,000 on the acquisition of shares of the Company by the Minister for Finance) is hereby amended by the substitution of “£6,000,000” for “£4,000,000” in subsection (1).

Amendment of section 9 of the Principal Act.

Amendment of section 9 of the Principal Act.

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4.—Section 9 of the Principal Act (which imposes a limit of £500,000 on the guarantee by the Minister of the repayment of moneys borrowed by the Company) is hereby amended by the substitution of “£1,000,000” for “£500,000” in subsection (3).

Short title and collective citation.

Short title and collective citation.

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5.—(1) This Act may be cited as the Irish Steel Holdings Limited (Amendment) Act, 1963.

(2) The Principal Act and this Act may be cited together as the Irish Steel Holdings Limited Acts, 1960 and 1963.