Cork Tramways (Employees' Compensation) Act, 1933

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Repayment of expenditure.

15.—(1) All moneys expended by the Minister for the purposes mentioned in the next preceding section of this Act shall be deemed to be a single advance made on a date to be fixed by the Minister for Finance having due regard to the dates of payment of the several moneys and made as to one moiety thereof to the Corporation and as to the other moiety thereof to the Board, and each moiety of such advance shall be repaid, with interest at such rate as shall be fixed by the Minister for Finance, by the payment to the Minister by the Corporation or the Board (as the case may be) during the twenty financial years next after the making of such advance of a terminable annuity of such amount as shall be fixed by the Minister after consultation with the Minister for Finance.

(2) The terminable annuities payable by the Corporation and the Board respectively under this section shall be paid at such times and in such manner as the Minister for Finance shall direct and shall be recoverable by the Minister as a civil debt in any Court of competent jurisdiction.

(3) A certificate sealed with the official seal of the Minister certifying that a specified sum is owing under this section by the Corporation or the Board (as the case may be) to the Minister shall be evidence until the contrary is shown that such sum is so owing to the Minister.

(4) All moneys paid to or recovered by the Minister under this section shall be paid into or disposed of for the benefit of the Exchequer in such manner as the Minister for Finance shall direct.