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Special provisions in relation to the St. James's Gate Health Insurance Society.
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28.—The following provisions shall have effect in relation to the St. James's Gate Health Insurance Society (in this section referred to as the said Society) that is to say:—
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(a) any sums standing as at the 31st day of December, 1933, to the credit of the Subsidy Account, Supplemental Fund and the Extra Benefit Fund established under the Rules of the said Society shall be transferred on the 1st day of January, 1934, to the Unified Society;
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(b) any sums due under the said Rules by Messrs. Arthur Guinness Son and Co., Limited, in respect of the period ending on the 31st day of December, 1933, shall be paid to the Unified Society as soon as the amount thereof has been ascertained in accordance with the said Rules;
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(c) the Unified Society shall in relation to the following sums, that is to say, any sums standing to the credit of the said Subsidy Account, Supplemental Fund, and the Extra Benefit Fund and any sums paid under the immediately preceding paragraph, do all such things (including the making good of a deficiency (if any) out of the said Supplemental Fund) as would have been required to be done under the said Rules if the said Society had continued in existence;
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(d) after all adjustments have been made in accordance with the said Rules the moneys in the said Extra Benefit Fund shall be applied for the following and no other purposes, that is to say:—
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(i) until the 5th day of July, 1936, to meet the cost of the scheme of extra benefits existing at the passing of this Act for members of the said Society, and
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(ii) thereafter for the benefit of insured persons who were members of the said Society on the 31st day of December, 1933, under a scheme approved by the Minister.
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