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Transfer to the Board of assets held for the rural industries.
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19.—(1) All property (real or personal) and rights held or enjoyed immediately before the establishment day by the Minister in connection with the functions vested in him in relation to the promotion of the rural industries or for the purposes of the rural industries and all property (real or personal), other than the excluded property, used or occupied for the purposes of the rural industries which, immediately before the establishment day, is held by any other Minister of State, the Commissioners of Public Works in Ireland or the Irish Land Commission shall, on the establishment day, be transferred to the Board, and accordingly without any further conveyance, transfer or assignment—
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(a) the said property shall on the establishment day vest in the Board, and
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(b) the said rights shall, as on and from the establishment day, be enjoyed by the Board.
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(2) All moneys, stocks, shares and securities transferred to the Board by subsection (1) of this section which, on the establishment day are standing in the books of any corporation or company in the name of any Minister of State, the Commissioners of Public Works in Ireland or the Irish Land Commission shall, upon the request of the Board, be transferred into its name.
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(3) The Minister for Finance shall, as soon as may be after the establishment day, issue a certificate in writing certifying the sum which, in his opinion, represents the value of the property and rights transferred by this section and such sum shall be a debt due by the Board to the Minister for Finance and such debt shall be discharged at such time or times, in such manner and upon such terms as the Minister for Finance, after consultation with the Minister, shall determine.
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(4) The property referred to in this section as “the excluded property” is the building on the back portion of the premises known as and situated at No. 64 Merrion Square, in the City of Dublin, and the first floor of the building, known as Saint Patrick's Hall, on the back portion of the premises known as and situated at No. 3 Merrion Square aforesaid.
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