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British & Irish Steam Packet Company Limited (Acquisition) (Amendment) Act, 1979

In short

This law amends previous acts concerning the British & Irish Steam Packet Company Limited, primarily by allowing the Minister for Finance to buy more shares and guarantee a larger amount of the company's borrowings.

What it regulates

Who it concerns

Key points

📄 Legal text
British & Irish Steam Packet Company Limited (Acquisition) (Amendment) Act, 1979 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.ie) Translations (Houses of the Oireachtas) Government Publications for Sale EU Law (EUR-Lex) FAQ Disclaimer Feedback Helpdesk Search Baile Reachtaíocht Achtanna an Oireachtais Ionstraimí Reachtúla Reachtaíocht Réamh-1922 Bunreacht Acmhainní Seachtracha Billí (Tithe an Oireachtais) Iris Oifigiúil Achtanna Athbhreithnithe (CAD) (An Coimisiún um Athchóiriú an Dlí) Liosta Rangaithe Reachtaíochta Aistriúcháin (achtanna.ie) Aistriúcháin (Tithe an Oireachtais) Foilseacháin Rialtais ar Díol Dlí AE (EUR-Lex) CCanna (Ceisteanna Coitianta) Séanadh Aiseolas Deasc chabhrach Cuardach TitleTeideal Year(s) or rangeBliain nó blianta nó raon TypeCineál All Legislation Acts Statutory Instruments Advanced SearchCuardach Casta HomeBaile ActsAchtanna 1979 British & Irish Steam Packet Company Limited (Acquisition) (Amendment) Act, 1979 British & Irish Steam Packet Company Limited (Acquisition) (Amendment) Act, 1979 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 23 of 1979 BRITISH & IRISH STEAM PACKET COMPANY LIMITED (ACQUISITION) (AMENDMENT) ACT, 1979 ARRANGEMENT OF SECTIONS Section 1. Purchase of additional shares of British & Irish Steam Packet Company Limited by Minister for Finance. 2. Increase of amount of borrowings by British & Irish Steam Packet Company Limited guaranteed by Minister for Finance. 3. Short title and collective citation. Number 23 of 1979 BRITISH & IRISH STEAM PACKET COMPANY LIMITED (ACQUISITION) (AMENDMENT) ACT, 1979 AN ACT TO AMEND AND EXTEND THE BRITISH & IRISH STEAM PACKET COMPANY LIMITED (ACQUISITION) ACTS, 1965 TO 1976. [25th July, 1979] BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS: Purchase of additional shares of British & Irish Steam Packet Company Limited by Minister for Finance. 1.— Section 2 of the British & Irish Steam Packet Company Limited (Acquisition) (Amendment) Act, 1971 , is hereby amended by the substitution of “thirty-three million ordinary shares” for “eighteen million ordinary shares” (inserted by the British & Irish Steam Packet Company Limited (Acquisition) (Amendment) Act, 1976 ) and the said section 2, as so amended, is set out in the Table to this section. TABLE The Minister for Finance may purchase, in addition to the ordinary shares of the Company purchased by him under the agreement approved of by section 2 of the Principal Act, not more than thirty-three million ordinary shares of the Company of £1 each. Increase of amount of borrowings by British & Irish Steam Packet Company Limited guaranteed by Minister for Finance. 2.— Section 5 of the British & Irish Steam Packet Company Limited (Acquisition) (Amendment) Act, 1971 , is hereby amended by the substitution of “£15,000,000” for “£5,000,000” in subsection (2) and the said subsection, as so amended, is set out in the Table to this section. TABLE (2) The Minister for Finance shall not so exercise the powers conferred by subsection (1) of this section that the amount, or the aggregate amount, of principal which he may at any one time be liable to pay on foot of any guarantee or guarantees under that subsection for the time being in force, together with the amount of principal (if any) which the Minister for Finance has previously paid on foot of any such guarantees and has not been repaid by the Company, exceeds £15,000,000. Short title and collective citation. 3.—(1) This Act may be cited as the British & Irish Steam Packet Company Limited (Acquisition) (Amendment) Act, 1979. (2) The British & Irish Steam Packet Company Limited (Acquisition) Acts, 1965 to 1976 and this Act may be cited together as the British & Irish Steam Packet Company Limited (Acquisition) Acts, 1965 to 1979. Acts Referred to British & Irish Steam Packet Company Limited (Acquisition) (Amendment) Act, 1971 1971, No. 11 British & Irish Steam Packet Company Limited (Acquisition) (Amendment) Act, 1976 1976, No. 12 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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AI explanation based on the official legal text. Indicative, not a substitute for legal advice.