S.I. No. 417/1953 -- Land Bond (No. 2) Order, 1953.
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S.I. No. 417/1953: LAND BOND (NO. 2) ORDER, 1953. |
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LAND BOND (NO. 2) ORDER, 1953. |
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The Minister for Finance, in exercise of the powers conferred on him by section 4 of the Land Bond Act, 1934 (No. 11 of 1934), section 4 of the Land Act, 1936 (No. 41 of 1936), and sections 4 and 8 of the Land Act, 1953 (No. 18 of 1953), and of every and any other power him in this behalf enabling, hereby orders as follows :-- |
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1.--(1) This Order may be cited as the Land Bond (No. 2) Order, 1953. |
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(2) The collective citation, the Land Bond Orders, 1934 to 1953, shall include this Order. |
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2. The Interpretation Act, 1937 (No. 38 of 1937), applies to this Order. |
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3. A series of land bonds is hereby created of the total amount of three hundred thousand pounds to be known as four and three-quarters per cent. land bonds. |
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4. The denominations in which the series of land bonds created by this Order shall be issued shall be one pound, ten pounds and one hundred pounds and no other denominations. |
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5. The series of land bonds created by this Order is hereby consolidated with the series of land bonds created by the Land Bond Order, 1953 ( S.I. No. 246 of 1953 ), to the intent that the two series shall form one consolidated series of land bonds created under the Land Bond Act, 1934 , amounting to the sum of nine hundred thousand pounds and paragraphs 6, 7, 8, 9, 10 and 11 of that Order shall apply to the consolidated series accordingly. |
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6. The said consolidated series of land bonds shall be for the purpose of making advances and paying purchase moneys the amounts of which are agreed or fixed or deemed to be fixed in the period commencing on the day on which the Land Bond Order, 1953, was made and ending on the 31st day of December, 1954, except in relation to advances and purchase moneys required to be made or paid by means of an issue of land bonds bearing the same rate of interest as land bonds previously issued. |
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GIVEN under the Official Seal of the Minister for Finance, this 30th day of December, 1953. |
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O. J. REDMOND, |
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Secretary, |
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Department of Finance. |
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