S.I. No. 201/1970:

GOVERNMENT LOANS (POSTPONEMENT OF REDEMPTION) ORDER, 1970.

GOVERNMENT LOANS (POSTPONEMENT OF REDEMPTION) ORDER, 1970.

I, SEOIRSE Ó COLLA, Minister for Finance, being of opinion that, owing to the closure of the Bank of Ireland, the redemption on the 15th day of July, 1970, of the outstanding stock of the Government loans specified in paragraph 2 of this Order could not be effected, hereby, in exercise of the power conferred on me by section 55 of the Finance Act, 1970 (No. 14 of 1970), order as follows:

1. This Order may be cited as the Government Loans (Postponement of Redemption) Order, 1970.

2. The redemption on the 15th day of July, 1970, of the outstanding stock of--

(a) the 3½% Exchequer Bonds, 1965/70,

(b) the 3½% Fourth National Loan, 1950/70, and

(c) the 3% Exchequer Bonds, 1965/70,

is hereby postponed.

GIVEN under my Official Seal, this 27th day of August, 1970.

SEOIRSE Ó COLLA,

Minister for Finance.

EXPLANATORY NOTE.

This Order postpones the redemption date of the Government loans specified therein.