Agreement With United Kingdom (Capital Sum) Act, 1938

Summary

The Agreement with United Kingdom (Capital Sum) Act, 1938 (No. 13 of 1938), enacted on 16 May 1938, provides for carrying out the financial agreement made on 25 April 1938 between the Government and the Government of the United Kingdom, including payment of a capital sum of ten million pounds.

What the law regulates

The payment of ten million pounds to the United Kingdom Government under the financial agreement.
The Minister for Finance's power to borrow and issue securities to fund that payment.
The charging of the payments and related expenses on the Central Fund.

Who it affects

The Minister for Finance, who makes the payment and may borrow.
The Government of the United Kingdom of Great Britain and Northern Ireland, as recipient.
The Exchequer and Central Fund.

Key points

Section 1: "the Minister" means the Minister for Finance; "the United Kingdom" means the United Kingdom of Great Britain and Northern Ireland.
Section 2: For the purpose of carrying out the Financial Agreement of 25 April 1938, the Minister may issue out of the Central Fund and pay, at such times and in such instalments as he thinks proper, the sum of ten million pounds to the United Kingdom Government.
Section 3(1): To make those payments, the Minister may borrow up to ten million pounds.
Section 3(2): The Minister may create and issue securities bearing such interest and repayment conditions as he thinks fit.
Section 3(3): All moneys borrowed shall be paid into the Exchequer.
Section 3(4): The principal, interest and issue expenses of the securities are charged on the Central Fund.
Section 4: The Act may be cited as the Agreement with United Kingdom (Capital Sum) Act, 1938.

Legal text

Agreement With United Kingdom (Capital Sum) Act, 1938 Skip to content Disclaimer Feedback Helpdesk Gaeilge Léim go dtí an t-ábhar Séanadh Aiseolas Deasc chabhrach English Gaeilge English Produced by the Office of the Attorney General Táirgthe ag Oifig an Ard-Aighne Home Legislation Acts of the Oireachtas Statutory Instruments Pre-1922 Legislation Constitution External Resources Bills (Houses of the Oireachtas) Iris Oifigiúil / Official Gazette Revised Acts (LRC) Classified List of Legislation (LRC) Translations (acts.

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s)or rangeBliain nó blianta nó raon TypeCineál All Legislation Acts Statutory Instruments Advanced SearchCuardach Casta HomeBaile ActsAchtanna 1938 Agreement With United Kingdom (Capital Sum) Act, 1938 Agreement With United Kingdom (Capital Sum) Act, 1938 Permanent Page URL View by SectionAmharc de réir Ailt View Full ActAmharc ar an Acht Iomlán Bill History Stair Bille Commencement, Amendments, SIs made under the Act Tosach Feidhme, Leasuithe, IRí arna ndéanamh faoin Acht Print Full ActPriontáil an tAcht Iomlán Number 13 of 1938. AGREEMENT WITH UNITED KINGDOM (CAPITAL SUM) ACT, 1938. ARRANGEMENT OF SECTIONS Section 1. Definitions. 2. Payment of ten million pounds to the United Kingdom Government. 3. Power of the Minister to borrow. 4. Short title. Number 13 of 1938. AGREEMENT WITH UNITED KINGDOM (CAPITAL SUM) ACT, 1938. AN ACT TO PROVIDE FOR, THE CARRYING OUT OF THE FINANCIAL AGREEMENT MADE ON THE 25TH DAY OF APRIL, 1938, BETWEEN THE GOVERNMENT AND THE GOVERNMENT OF THE UNITED KINGDOM. [16th May, 1938.] BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS:— Definitions. 1.—In this Act— the expression “the Minister” means the Minister for Finance; the expression “the United Kingdom” means the United Kingdom of Great Britain and Northern Ireland. Payment of ten million pounds to the United Kingdom Government. 2.—For the purpose of carrying out the Financial Agreement made on the 25th day of April, 1938, between the Government and the Government of the United Kingdom, it shall be lawful for the Minister to issue out of the Central Fund or the growing produce thereof, and to pay, at such times and in such instalments as he shall think proper, the sum of ten million pounds to the Government of the United Kingdom. Power of the Minister to borrow. 3.—

(1)In order to make the payments authorised by this Act, the Minister may borrow to an amount not exceeding ten million pounds.

(2)For the purpose of borrowing under this section, the Minister may create and issue securities bearing such rate of interest and subject to such conditions as to repayment, redemption or otherwise as he thinks fit.

(3)All moneys borrowed under this section shall be paid into the Exchequer.

(4)The principal of and interest on all securities issued under this section and the expenses incurred in connection with the issue of such securities shall be charged on and payable out of the Central Fund or the growing produce thereof. Short title. 4.—This Act may be cited as the Agreement with United Kingdom (Capital Sum) Act, 1938. Privacy Statement Accessibility European Legislation Identifier (PDF) Open Data License Ráiteas Príobháideachais Inrochtaineacht Aitheantóir Eorpach Reachtaíochta (ELI) Ceadúnas Sonraí Oscailte Liosta Fianán © Government of Ireland. Oireachtas Copyright Material is reproduced with the permission of the Houses of the Oireachtas © Rialtas na hÉireann. Atáirgtear ábhar faoi Chóipcheart le cead ó Thithe an Oireachtais

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