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Central Bank Act, 1942

Amendment of section 3 of the Currency (Amendment) Act, 1930.

64.— Section 3 of the Currency (Amendment) Act, 1930 (No. 30 of 1930), is hereby amended as follows, that is to say:—

(a) by the deletion of the word “unanimously” where it occurs in sub-section (1), and

(b) by the deletion of the word “unanimous” where it occurs in sub-section (2), and

(c) by the insertion in sub-section (3) after the word “sub-sections” of the words “upon a request of the Commission which is not unanimous”, and

(d) by the insertion, before sub-section (4), of a new sub-section as follows, that is to say:—

“(3A) Every order made under sub-section (1) or sub-section (2) of this section on a unanimous request of the Commission shall be laid before each House of the Oireachtas as soon as may be after it is made, and if a resolution annulling such order is passed by either such House within the next subsequent twenty-one days on which such House has sat after such order is laid before it, such order shall be annulled accordingly, but without prejudice to the validity of anything previously done under such order.”