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Grant for development of telephonic system.
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1.—(1) The Minister for Finance may issue out of the Central Fund or the growing produce thereof such sums not exceeding in the whole the sum of five hundred thousand pounds as may be required by the Minister for Posts and Telegraphs for the purpose of developing the telephonic system of Saorstát Eireann according to estimates approved by the Minister for Finance.
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(2) All sums which have, previous to the passing of this Act, been issued by the Minister for Finance out of the Central Fund or the growing produce thereof or out of the Consolidated Fund of the Provisional Government of Ireland to the Postmaster-General or the Minister for Posts and Telegraphs for the purpose of developing the telephonic system of Saorstát Eireann shall be deemed to have been so issued under the authority of this Act, and shall be included in any calculation of the total sums issued under such authority.
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