In short
This law extends the deadline for giving guarantees and making loans under the Trade Loans (Guarantee) Act, 1924, and allows the Minister for Industry and Commerce to set a deadline for applications for these guarantees and loans.
What it regulates
- The timeframe for providing guarantees under Section 1 of the Principal Act.
- The timeframe for granting loans and guarantees under Section 2 of the Principal Act.
- The ability of the Minister for Industry and Commerce to set a deadline for receiving applications for these guarantees and loans.
Who it concerns
- The Minister for Industry and Commerce.
- Entities applying for guarantees or loans under the Trade Loans (Guarantee) Act, 1924.
Key points
- No guarantee shall be given under Section 1 of the Principal Act after the 31st day of July, 1929.
- No loan shall be granted and no guarantee shall be given under Section 2 of the Principal Act after the 31st day of July, 1929.
- The Minister for Industry and Commerce can publish a notice in the Iris Oifigiúil to set a date after which applications for guarantees or loans will not be entertained.
📄 Legal text
Trade Loans (Guarantee) (Amendment) Act, 1928
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1928
Trade Loans (Guarantee) (Amendment) Act, 1928
Trade Loans (Guarantee) (Amendment) Act, 1928
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Number 19 of 1928.
TRADE LOANS (GUARANTEE) (AMENDMENT) ACT, 1928.
ARRANGEMENT OF SECTIONS
Section
1.
The Principal Act.
2.
Extension of time for guarantees, etc., under the Principal Act.
3.
Limitation of time for making applications.
4.
Short title and citation.
Acts Referred to
Trade Loans (Guarantee) Act, 1924
No. 41 of 1924
Trade Loans (Guarantee) (Amendment) Act, 1927
No. 30 of 1927
Number 19 of 1928.
TRADE LOANS (GUARANTEE) (AMENDMENT) ACT, 1928.
AN ACT TO EXTEND THE LIMIT OF TIME IMPOSED BY THE
TRADE LOANS (GUARANTEE) (AMENDMENT) ACT, 1927
, ON THE GIVING OF GUARANTEES AND THE MAKING OF LOANS UNDER THE
TRADE LOANS (GUARANTEE) ACT, 1924
, AND TO ENABLE THE MINISTER FOR INDUSTRY AND COMMERCE TO LIMIT THE TIME WITHIN WHICH APPLICATIONS FOR SUCH GUARANTEES AND SUCH LOANS MAY BE MADE. [27th July, 1928.]
BE IT ENACTED BY THE OIREACHTAS OF SAORSTÁT EIREANN AS FOLLOWS:—
The Principal Act.
1.—In this Act the expression “the Principal Act” means the
Trade Loans (Guarantee) Act, 1924
(No. 41 of 1924).
Extension of time for guarantees, etc., under the Principal Act.
2.—(1) Sub-section (1) of
section 2
of the
Trade Loans (Guarantee) (Amendment) Act, 1927
(No. 30 of 1927), is hereby repealed, and in lieu thereof it is hereby enacted that no guarantee shall be given under
section 1
of the Principal Act after the 31st day of July, 1929.
(2) Sub-section (2) of
section 2
of the said
Trade Loans (Guarantee) (Amendment) Act, 1927
, is hereby repealed, and in lieu thereof it is hereby enacted that no loan shall be granted and no guarantee shall be given under
section 2
of the Principal Act after the 31st day of July, 1929.
Limitation of time for making applications.
3.—(1) The Minister for Industry and Commerce may, if he thinks fit so to do, publish in the Iris Oifigiúil a notice stating that no applications for guarantees under
section 1
of the Principal Act as amended by this Act or for loans or guarantees under
section 2
of the Principal Act as so amended made after a date specified in that behalf in such notice will be entertained by the said Minister.
(2) When a notice has been published under the foregoing sub-section the Minister for Industry and Commerce shall not entertain any such application as is mentioned in the said sub-section which is made after the date specified as aforesaid in such notice.
Short title and citation.
4.—(1) This Act may be cited as the Trade Loans (Guarantee) (Amendment) Act, 1928.
(2) The Trade Loans (Guarantee) Acts, 1924 to 1927, and this Act may be cited together as the Trade Loans (Guarantee) Acts, 1924 to 1928.
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