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S.I. No. 395/1947 - Exchange Control Order, 1947 (Supplemental Provisions) (No. 1) Order, 1947.

S.I. No. 395/1947 - Exchange Control Order, 1947 (Supplemental Provisions) (No. 1) Order, 1947. Skip to content Disclaimer Feedback Helpdesk Gaeilge Léim go dtí an t-ábhar Séanadh Aiseolas Deasc chabh

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  2. s)or rangeBliain nó blianta nó raon TypeCineál All Legislation Acts Statutory Instruments Advanced SearchCuardach Casta HomeBaile Statutory InstrumentsIonstraimí Reachtúla 1947 S.I. No. 395/1947 - Exchange Control Order, 1947 (Supplemental Provisions) (No. 1) Order, 1947. S.I. No. 395/1947 - Exchange Control Order, 1947 (Supplemental Provisions) (No. 1) Order, 1947. AmendmentsLeasuithe STATUTORY RULES AND ORDERS. 1947. No. 395. EXCHANGE CONTROL ORDER, 1947 (SUPPLEMENTAL PROVISIONS) (No. 1) ORDER, 1947. I, PROINSIAS MAC AOGÁIN, Minister for Finance, in exercise

the powers conferred on me by the Exchange Control Order, 1947, hereby order as follows :

  1. This Order may be cited as the Exchange Control Order, 1947 (Supplemental Provisions) (No. 1) Order,
  2. 2.—

(1)In this Order, the expression " the Principal Order " means the Exchange Control Order, 1947.
(2)This Order shall be construed as one with the Principal Order. 3.—
(1)Paragraph (f), paragraph (
  1. k)and paragraph (p), so far as the said paragraph (
  2. p)relates to exports to a destination not in the United States

America or Canada,

Article 3

the Principal Order shall come into operation on the 15th day

January, 1948.

(2)Article 5

the Principal Order shall come into operation on the 15th day

January,

  2. Immigration

ficers and members

the Gárda Síochána are hereby authorised to act as authorised

ficers for the purposes

the Principal Order. 5. The banks specified in the First Schedule to this Order are hereby authorised to act at any

their

fices in the State as authorised depositaries for the purposes

the Principal Order. 6.—

(1)The securities specified in the Second Schedule to this Order are hereby declared to be reserved securities for the purposes

the Principal Order.

(2)The following certificates

title are hereby exempted from the provisions

Article 5

the Principal Order : (a) certificates

title to securities on which interest or dividend has not been paid for thirty years or more, (b) letters

allotment, (c) letters

rights. 7. The territories specified in the Third Schedule to this Order are hereby declared to be included for the purposes

the Principal Order in the expression " the scheduled territories." 8.—

(1)The foreign currencies specified in the Fourth Schedule to this Order are hereby declared to be subject to the provisions

paragraph

(1)and paragraph
(2)

Article 4

the Principal Order.

(2)The foreign currencies specified in the Fourth Schedule to this Order shall be

fered for sale to the Minister through one

the banks specified in the First Schedule to this Order at such price as may for the time being be determined by the Minister. 9. The evidence to be produced pursuant to paragraph (k)

Article 3

the Principal Order shall be— (a) a declaration signed by a bank or stockbroker on behalf

each party to the transaction to which the relevant entry in a register relates that from the facts known to the signer

the declaration, or from inquiries he has made, he is satisfied that such party is not resident outside the scheduled territories or is not acting as nominee

any person so resident, or (b) where such declaration cannot be made, a certificate signed on behalf

the Minister that the transaction has his permission. 10. For the purposes

paragraph (p)

Article 3

the Principal Order, the method

payment for all classes and descriptions

goods exported to any territory outside the scheduled territories shall be either— (a) in the case

exports to a territory the currency

which is specified in the Fourth Schedule to this Order, in either— (i) Irish currency from the bank account

a person resident in that territory or sterling from such an account, or (ii) freely transferable currency

that territory, or (b) in the case

exports to a territory the currency

which is not mentioned in the Fourth Schedule to this Order, in Irish currency from the bank account

a person resident in that territory or sterling from such an account. 11.—

(1)A bank specified in the First Schedule to this Order may, in accordance with a direction given by the Minister, do any

the following things : (

  1. a)buy, sell, lend or borrow foreign currency, (
  2. b)make, or commit itself to make, payments to or by order

persons resident outside the scheduled territories orplace, or promise to place, sums to the credit

such persons, (c) effect any other transaction in the normal course

banking business.

(2)A direction under this Article may be given to the banks specified in the First Schedule to this Order generally or specifically to any such bank and may be in respect

a series

transactions or a particular transaction. 12.—

(1)Application for permission to buy, sell, lend, borrow or export gold shall be made to the Central Bank

Ireland in such form as it may direct and the Central Bank

Ireland is hereby authorised to grant such permission, subject to such conditions as it sees fit to impose, or to refuse such permission.

(2)Where an amount

gold not exceeding £20 in value is being sold to a person permitted by the Central Bank

Ireland to buy gold, the sale shall be exempted from the provisions

paragraph (a)

Article 3

the Principal Order. 13.—

(1)The following currency notes are hereby declared to be subject to the provisions

paragraph (n)

Article 3

the Principal Order : (a) notes which are or have at any time been legal tender in the United Kingdom or any part

the United Kingdom, (b) any bank notes

any bank

issue in the United Kingdom.

(2)Where a person travelling to the State has with him bank notes

any bank

issue in the United Kingdom the value

which in the aggregate does not exceed £5, he shall be exempt in respect

the import

such notes from the provisions

paragraph (n)

Article 3

the Principal Order provided he is not travelling in a vessel, vehicle or aircraft in which he is employed or engaged in any capacity. 14.—

(1)Where a person travelling from the State— (a) has with him Irish currency notes the value

which in the aggregate does not exceed £5 and has not with him any other notes issued by any bank in, or which are or have been legal tender in, any part

the scheduled territories, or (b) has with him other notes such as aforesaid the value

which in the aggregate does not exceed £5 and has not with him any Irish currency notes, or (c) has with him Irish currency notes and other notes such as aforesaid (the value

such currency notes and other notes in the aggregate not being in excess

£5),such person shall be exempt in respect

the export

such notes from the provisions

paragraph (o)

Article 3

the Principal Order provided he is not travelling in a vessel, vehicle or aircraft in which he is employed or engaged in any capacity.

(2)Where a person travelling from the State has with him foreign currency the value

which in the aggregate does not exceed £10, he shall be exempt in respect

the export

such currency from the provisions

paragraph (o)

Article 3

the Principal Order provided he is not travelling in a vessel, vehicle or aircraft in which he is employed or engaged in any capacity. 15. The personal luggage

travellers and any gift

value not more than £5 shall be exempted from the provisions

paragraph (p)

Article 3

the Principal Order. 16. The Orders specified in the Fifth Schedule to this Order are hereby revoked, but any permission, certificate or exemption issued under any

those Orders which was in force immediately before the making

this Order shall continue in force as if it were issued under the Principal Order or this Order. Article 5. FIRST SCHEDULE. The Bank

Ireland. The Hibernian Bank, Ltd. The Munster and Leinster Bank, Ltd. The National Bank, Ltd. The National City Bank, Ltd. The Northern Bank, Ltd. The Provincial Bank

Ireland, Ltd. The Royal Bank

Ireland, Ltd. The Ulster Bank, Ltd. Guinness and Mahon. Article

  1. SECOND SCHEDULE.
  2. Securities transferable by means

bearer certificates.

  1. Securities registered outside the state on which interest or dividends are payable by coupon.
  2. Securities registered outside the scheduled territories.
  3. Securities registered in the scheduled territories which can be transferred to or in a register outside the scheduled territories. Article
  4. THIRD SCHEDULE.
  5. The United Kingdom and its dependent territories.
  6. The Commonwealth

Australia and its dependent territories.

  1. New Zealand and its dependent territories.
  2. The Union

South Africa and South West Africa.

  1. India.
  2. Pakistan.
  3. Palestine.
  4. Iraq.
  5. Transjordan.
  6. Iceland.
  7. The Faroe Islands.
  8. Burma.
  9. Ceylon. Article
  10. FOURTH SCHEDULE.
  11. Argentine Pesos.
  12. Belgian Francs.
  13. Brazilian Cruzeiros.
  14. Canadian Dollars.
  15. Congolese Francs.
  16. Czechoslovak Crowns.
  17. Danish Kroner.
  18. Francs

the following territories, viz. :— Metropolitan France (which includes Corsica and Algeria), Monaco, French West Africa, French Equatorial Africa, Madagascar and its Dependencies, Reunion, French Somali Coast, French Guiana, Guadeloupe, Martinique, St. Pierre and Miquelon, Indo-China, New Caledonia, French Establishments in Oceania, Condominium

the New Hebrides, the Protectorates

Morocco and Tunisia, the French Mandated Territories

Cameroon and Togo.

  1. Lebanese Pounds.
  2. Luxembourg Francs.
  3. Netherlands Guilders.
  4. Netherlands West Indies Guilders.
  5. Netherlands East Indies Guilders.
  6. Newfoundland Dollars.
  7. Norwegian Kroner.
  8. Panamanian Dollars.
  9. Philippine Pesos.
  10. Pondicherry Rupees.
  11. Portuguese Escudos.
  12. Swedish Kronor.
  13. Swiss Francs.
  14. Syrian Pounds.
  15. Uruguayan Pesos.
  16. United States Dollars. Article
  17. FIFTH SCHEDULE. Emergency Powers (Finance) (No. 5) Order, 1940 (S. R. & O. No. 220

1940). Emergency Powers (Finance) (No. 6) Order, 1940 (S. R. & O. No. 236

1940). Emergency Powers (Finance) (No. 7) Order, 1941 (S. R. & O. No. 21

1941) Emergency Powers (Payment for Exports) (No 1) Order, 1941 (S. R. & O. No. 157

1941). Emergency Powers (Payment for Exports) (No. 2) Order, 1941 (S. R. & O. No. 158

1941). Emergency Powers (Finance) (No. 8) Order, 1941 (S. R. & O. No. 223

1941). Emergency Powers (Finance) (No. 9) Order, 1941 (S. R. & O. No. 390

1941). Emergency Powers (Finance) (No. 10) Order, 1945 (S. R. & O. No. 59

1945). Emergency Powers (Finance) (No. 11) Order, 1945 (S. R. & O. No. 60

1945). Emergency Powers (Finance) (No. 6) Order, 1940 (Amendment) Order, 1946 (S. R. & O. No. 344

1946). Emergency Powers (Finance) (No. 7) Order, 1941 (Amendment) Order, 1946 (S. R. & O. No. 350

1946). Emergency Powers (Finance) (No. 7) Order, 1941 (Amendment) Order, 1947 (S. R. & O. No. 238

1947). GIVEN under my

ficial Seal, this 5th day

December, 1947. (Signed), PROINSIAS MAC AOGÁIN, Minister for Finance. Privacy Statement Accessibility European Legislation Identifier (PDF) Open Data License Ráiteas Príobháideachais Inrochtaineacht Aitheantóir Eorpach Reachtaíochta (ELI) Ceadúnas Sonraí Oscailte Liosta Fianán © Government

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