In short
This law extends the deadline for giving guarantees and making loans under the Trade Loans (Guarantee) Act, 1924, and changes the total capital amounts 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 aggregate capital amount for guarantees under Section 1 of the Principal Act.
- The aggregate capital amount for loans under Section 2 of the Principal Act.
Who it concerns
- Entities involved in giving guarantees and making loans under the Trade Loans (Guarantee) Act, 1924.
- Recipients of these guarantees and loans.
Key points
- No guarantee shall be given under Section 1 of the Principal Act after July 31, 1927.
- No loan shall be granted and no guarantee shall be given under Section 2 of the Principal Act after July 31, 1927.
- The aggregate capital amount for guarantees under Section 1 of the Principal Act is amended from "seven hundred and fifty" to "nine hundred."
- The aggregate capital amount for loans under Section 2 of the Principal Act is amended from "two hundred and fifty" to "one hundred."
đ Legal text
Trade Loans (Guarantee) (Amendment) Act, 1926.
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1926
Trade Loans (Guarantee) (Amendment) Act, 1926.
Trade Loans (Guarantee) (Amendment) Act, 1926.
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Number 33 of 1926.
TRADE LOANS (GUARANTEE) (AMENDMENT) ACT, 1926.
ARRANGEMENT OF SECTIONS
Section
1.
The Principal Act.
2.
Extension of time for guarantee under Principal Act.
3.
Amendments of Principal Act in respect of the aggregate amounts in the case of guarantees and loans.
4.
Short Title and citation.
Acts Referred to
Trade Loans (Guarantee) Act, 1924
No. 41 of 1924
Trade Loans (Guarantee) (Amendment) Act, 1925
No. 19 of 1925
Number 33 of 1926.
TRADE LOANS (GUARANTEE) (AMENDMENT) ACT, 1926.
AN ACT TO EXTEND THE LIMIT OF TIME IMPOSED BY THE
TRADE LOANS (GUARANTEE) (AMENDMENT) ACT, 1925
, ON THE GIVING OF GUARANTEES AND THE MAKING OF LOANS UNDER THE
TRADE LOANS (GUARANTEE) ACT, 1924
, AND TO MODIFY THE AGGREGATE CAPITAL AMOUNTS IN RESPECT OF WHICH GUARANTEES MAY BE GIVEN AND OF THE LOANS WHICH MAY BE MADE UNDER THE LAST-MENTIONED ACT. [17th July, 1926.]
BE IT ENACTED BY THE OIREACHTAS OF SAORSTĂT EIREANN AS FOLLOWS:â
The Principal Act.
1.âIn this Act the expression âthe Principal Actâ means the
Trade Loans (Guarantee) Act, 1924
(No. 41 of 1924).
Extension of time for guarantee under Principal Act.
2.â(1) Sub-section (1) of
section 2
of the
Trade Loans (Guarantee) (Amendment) Act, 1925
(No. 19 of 1925), 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, 1927.
(2) Sub-section (2) of
section 2
of the said
Trade Loans (Guarantee) (Amendment) Act, 1925
, 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, 1927.
Amendments of Principal Act in respect of the aggregate amounts in the case of guarantees and loans.
3.âThe Principal Act shall be construed and have effect as ifâ
(a) sub-section (2) of
section 1
thereof were amended as follows, that is to say, by the deletion of the words âseven hundred and fiftyâ and the insertion in lieu of the words so deleted of the words ânine hundred,â and
(b) sub-section (2) of
section 2
thereof were amended as follows, that is to say, by the deletion of the words âtwo hundred and fiftyâ and the insertion in lieu of the words so deleted of the words âone hundred.â
Short Title and citation.
4.â(1) This Act may be cited as the Trade Loans (Guarantee) (Amendment) Act, 1926.
(2) The Principal Act, the
Trade Loans (Guarantee) (Amendment) Act, 1925
, and this Act may be cited together as the Trade Loans (Guarantee) Acts, 1924 to 1926.
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