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Loan by the Company to Aer Lingus, Teoranta.
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80.—(1) As soon as may be after the registration of the Company, the Company may, with the consent of the Minister for Finance, lend to Aer Lingus, Teoranta, such sum as the Minister for Finance shall certify to be sufficient to discharge any liabilities which Aer Lingus, Teoranta, may have incurred and are then unsatisfied.
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(2) The following provisions shall have effect in relation to the repayment of any sum lent by the Company to Aer Lingus, Teoranta, under this section, that is to say:—
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(a) such sum shall be so repaid in such one of the following ways as the Minister for Finance may direct, that is to say:—
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(i) by the issue of debentures of an amount equal to such sum,
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(ii) by the issue of shares of a nominal amount equal to such sum,
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(iii) as to part of such sum, by the issue of debentures of an amount equal to such part and, as to the remainder of such sum, by the issue of shares of a nominal amount equal to such remainder;
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(b) where any debentures are so issuable such debentures shall carry such rate of interest as the said Minister shall direct, and
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(c) where any shares are so issuable such shares or any part thereof may as the said Minister directs be shares having priority over ordinary shares and in such case shall carry such rate of dividend as the said Minister shall direct.
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