PART I.

Preliminary.

1. —This Act may be cited as the Grass Meal (Production) Act, 1953.

2. —In this Act—

Companies Acts.

“the Companies Acts” means the Companies Acts, 1908 to 1924;

Company.

“the Company” means the Company formed in pursuance of section 5 of this Act;

Minister.

“the Minister” means the Minister for Industry and Commerce.

3. —The expenses incurred by the Minister in the administration of this Act shall, to such extent as may be sanctioned by the Minister for Finance, be paid out of moneys provided by the Oireachtas.

4. —(1) Section 112 of the Stamp Act, 1891, shall not operate so as to require the delivery to the registrar of companies of any statement or the payment of any stamp duty under that section in respect of the share capital of the Company.

(2) No stamp duty shall be payable on any transfer of shares of the Company.