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State endowment of Institute.
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34.—(1) In the financial year current at the passing of this Act and in every subsequent financial year, there shall be paid to the Institute out of moneys provided by the Oireachtas a grant of fifteen thousand pounds towards the expenses of the administration of the Institute.
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(2) There may be paid to the Institute, out of moneys provided by the Oireachtas, grants of such amounts as the Minister, with the concurrence of the Minister for Finance, may sanction for defraying the whole or any part of the costs of special investigations undertaken by the Institute, including the cost of any special equipment.
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(3) For the purposes of subsection (2) of this section, the Industrial Research Committee shall prepare and submit to the Minister, in each year, a programme and estimate of income and expenditure of the Institute in connection with special investigations.
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