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State grant in respect of expenditure on benefits and administration.
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17.—(1) In lieu of the grant payable, under section 3 of the Act of 1911, as amended by subsection (4) of section 1 of the National Health Insurance Act, 1920, out of moneys provided by the Oireachtas, there shall, in respect of the financial year commencing on the 1st day of April, 1947, and of every succeeding financial year, be paid into the National Health Insurance Fund, out of moneys provided by the Oireachtas, such sum as, in the opinion of the Minister and of the Minister for Finance, would be payable in respect of such year under the said section 3, as so amended, if this subsection had not been enacted.
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