Trade Loans (Guarantee) Act, 1939

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Time limit on operation of Act.

8.—(1) A loan shall not be granted or guaranteed under this Act after the expiration of five years from the passing of this Act.

(2) The Minister may, if he thinks fit so to do, publish in the Iris Oifigiúil a notice stating that after a date (less than five years after the passing of this Act) specified in such notice he will not entertain any application for either the guarantee or the grant of a loan under this Act.

(3) When a notice has been published by the Minister under the next preceding sub-section of this section, the Minister shall not entertain any application made after the date specified in such notice for either the guarantee or the grant of a loan under this Act.