S.I. No. 178/1938 - Aer Lingus, Teóranta (Accounts) Regulations, 1938.

WHEREAS it is enacted by sub-section (2) of Section 81 of the Air Navigation and Transport Act, 1936 (No. 40 of 1936), that the balance sheet and profit and loss account of Aer Lingus, Teóranta, being a company to which the said section applies, shall be drawn up in such manner as shall be prescribed by regulations made under the said Section 81 :

AND WHEREAS it is enacted by sub-section (8) of the said Section 81, that the Minister for Finance may by order make regulations prescribing any matter referred to in the said section as prescribed by regulations made under the said section :

NOW, THEREFORE, the Minister for Finance, in exercise of the powers conferred on him by Section 81 of the Air Navigation and Transport Act, 1936 (No. 40 of 1936), and of every and any other power him in this behalf enabling hereby orders and makes the following regulations, that is to say :—

1. These Regulations may be cited as the Aer Lingus, Teóranta (Accounts) Regulations, 1938.

2. The Interpretation Act, 1937 (No. 38 of 1937), applies to those Regulations.

3. In these Regulations —

the expression " the Company " means Aer Lingus, Teóranta,

the expressions " the balance sheet " and " the profit and loss account " mean respectively the balance sheet and the profit and loss account which the Company is required by Section 81 of the Air Navigation and Transport Act, 1936 , to furnish to the Minister for Finance.

4.—(1) The balance sheet and profit and loss account for each accounting year shall, save where otherwise provided by these Regulations, be drawn up in the forms set out respectively in parts I and II of the Schedule hereto.

(2) Whenever in drawing up the balance sheet or profit and loss account a nil entry would be required to be made under any heading, the Company may, in lieu of making such nil entry, omit such heading.

(3) If in drawing up the balance sheet and profit and loss account for any accounting year, any item included in any heading in the forms set out in the Schedule hereto is inappropriate to the entry to be made in respect of such heading, the reference to such item may be omitted.

SCHEDULE.

PART I.

AER LINGUS, TEÓRANTA.

GENERAL BALANCE SHEET	AS AT		31st MARCH
LIABILITIES		ASSETS.
Authorised Capital Shares of £1 each		Capital Account Balance at Debit thereof
Sundry Creditors		Sundry Debtors including Payments in Advance
Blackpool and West Coast Air Services Limited (Blackpool and West Coast Air Services Limited hold as collateral Security Debentures to the nominal Value of giving a floating charge on the general undertaking and Assets of the Company)		Cash in Hand Cash in Bank
Others including Expenses accrued and due
		Profit and Loss Account
Depreciation Reserve Fund

PART II.

AER LINGUS, TEÓRANTA.

GENERAL PROFIT AND LOSS ACCOUNT FOR YEAR ENDED

To Irish Sea Airways Pool Account— Loss for period	By Interest on Capital—
	Charged to Costs of Operation
,, Irish Sea Airways Pool Account Loss for half-year ended	,, Balance carried forward
,, Transfer from Revenue Account
Excess of Expenditure over Income for period

Given under the Official Seal of the Minister for Finance, this

23rd day of June, 1938.

J. J. McELLIGOTT.