No. 13/1968:

SHANNON FREE AIRPORT DEVELOPMENT COMPANY LIMITED (AMENDMENT) ACT, 1968

ARRANGEMENT OF SECTIONS

1 Interpretation.

2 Amendment of section 2 of the Principal Act.

3 Amendment of section 8 of the Principal Act.

4 Advances to the Company by Minister for Finance.

5 Short title and collective citation.

AN ACT TO AMEND AND EXTEND THE SHANNON FREE AIRPORT DEVELOPMENT COMPANY LIMITED ACTS, 1959 TO 1965.

[11th June, 1968]

BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS:—

1.—(1) In this Act—

"the Act of 1965" means the Shannon Free Airport Development Company Limited (Amendment) Act, 1965 ;

"the Company" means the Shannon Free Airport Development Company Limited;

"the Principal Act" means the Shannon Free Airport Development Company Limited Act, 1959 .

(2) The Shannon Free Airport Development Company Limited Acts, 1959 to 1965, and this Act shall be construed as one.

2.—So much of section 2 of the Principal Act, as amended by section 2 of the Act of 1965, as provides that the aggregate of the amounts which the Minister for Finance may subscribe under that section in taking up shares of the Company shall not exceed six million pounds is hereby repealed and, in lieu thereof, it is hereby enacted that the aggregate of the amounts so subscribed shall not exceed eight million pounds.

3.—Section 3 of the Act of 1965 is hereby repealed and, in lieu thereof, it is hereby enacted that the aggregate amount of grants to be made to the Company under section 8 of the Principal Act shall not exceed six million pounds.

4.—Section 4 of the Act of 1965 is hereby repealed and, in lieu thereof, it is hereby enacted that the aggregate amount of advances under section 4 (1) of the Shannon Free Airport Development Company Limited (Amendment) Act, 1963 , and advances under section 4 of the Shannon Free Airport Development Company Limited (Amendment) Act, 1961 , shall not exceed seven million pounds.

5.—(1) This Act may be cited as the Shannon Free Airport Development Company Limited (Amendment) Act, 1968 .

(2) The Shannon Free Airport Development Company Limited Acts, 1959 to 1965, and this Act may be cited together as the Shannon Free Airport Development Company Limited Acts, 1959 to 1968.