Irish Telecommunications Investments Limited (Amendment) Act, 1983
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Amendment of section 6 of Irish Telecommunications Investments Limited Act, 1981. |
1.— Section 6 (which relates to guarantees of borrowings by the Company) of the Irish Telecommunications Investments Limited Act, 1981 , is hereby amended by the substitution in subsection (2) of “£600,000,000” for “£350,000,000” and that subsection, as so amended, is set out in the Table to this section. | |
TABLE | ||
(2) The Minister for Finance shall not so exercise the powers conferred on him by this section or section 7 of this Act that the amount, or the aggregate amount, of moneys which he may at any one time be liable to pay on foot of any guarantee or guarantees under either such section for the time being in force, together with the amount of moneys (if any) which he has previously paid on foot of any guarantee under such section and which has not been repaid by the Company, exceeds £600,000,000. |