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AN BILLE UM DHEONTAIS THIONSCAIL, 1956.

INDUSTRIAL GRANTS BILL, 1956.

Mar a tuigtear a bheith rite ay dhd Thigh an Oireachtais.

As deemed to have been passed by both Houses of the Oireachtas.

ARRANGEMENT OF SECTIONS Section.

1.

Definitions.

2.

Grants for industry.

3.

Grants to Authority.

4.

Supplementary provisions.

5.

Expenses of Minister.

6.

Short title.

SCHEDULE.

Supplementary Provisions.

AN BILLE UM DHEONTAIS THIONSCAIL, 1956.

INDUSTRIAL GRANTS BILL, 1956.

BILL .


v entitled AN ACT TO PROVIDE FOR THE MAKING OF GRANTS IN 5 AID OF INDUSTRIAL DEVELOPMENT IN AREAS OTHER THAN AREAS TO WHICH THE UNDE­ VELOPED AREAS ACT, 1952, APPLIES, AND TO PROVIDE FOR OTHER MATTERS CONNECTED WITH THE MATTERS AFORESAID.

10 BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS Definitions.

1.—In this Act— “ the Authority ” means the Industrial Development Authority; “ the Minister ” means the Minister for Industry and Commerce.

Grants for industry.
2.—(1) Whenever the Authority are of opinion that the manu- 15 facture of a particular commodity to a substantial extent in the State would be in the interests of the national economy and would be likely— (a) to provide employment on a substantial scale, or (b) to make available in the State substantial quantities of the 20 commodity, or (c) to provide an opportunity for developing an export trade, the Authority, if satisfied that financial assistance is necessary to ensure the establishment of an industrial undertaking to manufac­ ture the commodity to a substantial extent and that the under- 25 taking will be of a reasonably permanent nature and will be carried on efficiently, may, on such terms as they think proper, make grants towards the cost of the acquisition, construction and adapta­ tion of the buildings and other works required for the purpose of the undertaking.
30 (2) The total amount so granted shall not in the case of any undertaking exceed two-thirds of such cost or the sum of fifty thousand pounds, whichever is the lesser amount.

(3) The Authority, in considering applications for grants under this section, shall have regard to the extent to which the require- 35 ments of the public in respect of the commodities to be manu­ factured are sufficiently met by undertakings already established.
(4) Grants shall not be made under this section in respect of the establishment of undertakings in an area to which the Undeveloped Areas Act, 1952 (No.

1 of 1952), applies.

10 (5) No grant shall be sanctioned by the Authority after the 31st dav of December, 1963.

2 3.—(1) The Minister, with the consent of the Minister for Grants to Finance, may, out of moneys provided by the Oireachtas, make Authority, grants to the Authority to enable them to perform their functions under this Act.
I (2) The aggregate amount of grants under this section shall not 5 exceed two million pounds.

4.

—The provisions of the Schedule shall apply to the Authority Supplementary for the purposes of this Act.

provisions.

5.

—The expenses incurred by the Minister in carrying this Act Expenses of 10 into execution shall, to such extent as may be sanctioned by the Minister.

Minister for Finance, be paid out of moneys provided by the Oireachtas.

6.—This Act may be cited as the Industrial Grants Act, 1956.
Short title.

SCHEDULE.

Section 15 Supplementary Provisions.

1.

In this Schedule “the Act of 1950 ” means the Industrial Act of 1950.

Development Authority Act, 1950 (No.

29 of 1950).

i !

.1 ; .

.

, 2.

The Authority shall be a body corporate with perpetual Incorporation, succession and a common seal and power to sue and be sued by 20 their statutory title.

j 3.

(1) The common seal of the Authority shall, when applied to Common seal, a document, be attested by the signature of two members.
(2) All courts of justice shall take judicial notice of the common seal of the Authority and every document purporting to be an 7*5 instrument made by the Authority and to be sealed with the common seal and to be attested in accordance with this paragraph shall, unless the contrary is shown, be received in evidence and ., , be deemed to be such instrument without further proof.

4.
4.

Any contract or instrument which, if entered into or executed Contracts an<l by an individual, would not require to be under seal may be entered instruments not into or executed on behalf of the Authority by any person gener- Mnder seal- ally or specially authorised by the Authority for that purpose.

5.
5.

The provisions of the Act of 1950, except section 5 (which Application relates to the summoning of witnesses), shall apply in relation to of Act of 1950. j .j5 the functions of the Authority under this Act.

6.

The accounts which the Authority are required by the Act Separate of 1950 to keep shall include separate accounts of moneys received Accounts, and expended by them under this Act.

7.

The Authority shall submit in such form as the Minister may Annual Report.
40 direct an annual report of their activities and the Minister shall cause copies of the report to be laid before each House of the Oireachtas.

8.

The Authority shall submit to the Minister such information Returns, regarding their activities as he may from time to time require.

i 4 AN BILLE UM DHEONTAIS THIONSCAIL, 1956. i*.

INDUSTRIAL GRANTS BILL, 1956. .

.

.

i- BILLE da ngairmtear r\ •.

• _ • k .


r.„ BILL entitled Acht do dheanamh soeruithe chun deontais a thabhairt i gcabhair ar fhorbairt tionscal i limisteiri seachas limisteiri lena mbaineann an tAcht um Limisteiri Neainhfhorbartha, 1952, agus do dheanamh soeruithe i dtaobh nithe eile a bhaineas leis na nithe reamh- raite.
An Act to provide for the making of grants in aid of industrial development in areas other than areas to which the Undeveloped Areas Act, 1952, applies, and to provide for other matters connected with the matters afore­ said.

Tuigtear a bheith rite ag dhd Thigh an Oireachtais, 19 Nollaig, 1956.

Deemed to have been passed by both Houses of the Oireachtas, 19fJi Dec-ember, 1956.
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