PART VI.

Miscellaneous and General.

21. —With a view to providing moneys to meet general charges which will fall upon the Central Fund, the sum of three hundred thousand pounds shall be transferred and paid from the Road Fund to the Exchequer at such time or times in the financial year ending on the 31st day of March, 1952, and in such manner as the Minister for Finance shall direct.

22. —(1) In this section—

the expression“the principal section” means section 22 of the Finance Act, 1950 (No. 18 of 1950);

“the additional annuity” means the sum charged on the Central Fund under subsection (4) of this section;

“The Minister”, “the Account” and “capital services” have the same meanings respectively as they have in the principal section.

(2) Subsection (3) of the principal section shall, in relation to the twenty-nine successive financial years commencing with the financial year ending on the 31st day of March, 1952 have effect with the substitution of “£427,482” for “£655,432”.

(3) Subsection (5) of the principal section shall have effect with the substitution of “£269,828” for “£423,979”.

(4) A sum of £653,594 to redeem borrowings, and interest thereon, in respect of capital services shall be charged annually on the Central Fund or the growing produce thereof in the thirty successive financial years commencing with the financial year ending on the 31st day of March, 1952.

(5) The additional annuity shall be paid into the Account in such manner and at such times in the relevant financial year as the Minister may determine.

(6) Any amount of the additional annuity, not exceeding £420,770 in any financial year, may be applied towards defraying the interest on the public debt.

(7) The balance of the additional annuity shall be applied in any one or more of the ways specified in subsection (6) of the principal section.

(8) Subsection (4) of the principal section is hereby amended by the substitution of “such manner and at such times in the relevant financial year as the Minister may determine” for “equal half-yearly instalments”.

23. —(1) The enactments specified in the Second Schedule to this Act are hereby repealed to the extent specified in the third column of that Schedule.

(2) This section shall have effect only in relation to persons dying after the 2nd day of May, 1951.

24. —All taxes and duties imposed by this Act are hereby placed under the care and management of the Revenue Commissioners.

25. —(1) This Act may be cited as the Finance Act, 1951.

(2) Part I of this Act shall be construed together with the Income Tax Acts.

(3) Part II of this Act, so far as it relates to duties of customs, shall be construed together with the Customs Acts and, so far as it relates to duties of excise, shall be construed together with the Statutes which relate to the duties of excise and the management of those duties.

(4) Part V of this Act shall be construed together with the Stamp Act, 1891, and the enactments amending or extending that Act.

(5) Part I of this Act shall be deemed to come into force on and shall take effect as on and from the 6th day of April, 1951.