Electricity (Supply) (Amendment) Act, 1945
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Application of the income of the Board from fisheries. |
17.—(1) The income of the Board derived from the performance of the duties imposed on the Board by this Act in relation to fisheries and fishing rights acquired by the Board under this Part of this Act or under the Liffey Reservoir Act, 1936 (No. 54 of 1936), after discharging all expenses incurred by the Board in performing those duties and properly chargeable to income, shall be applied to the following purposes in the following order, that is to say:— | |
(a) payment of all interest payable in the current year or owing in respect of any previous year to the Minister for Finance on advances made under this Act by the said Minister to the Board in respect of the acquisition of such fisheries and fishing rights; | ||
(b) setting aside such sums as the Board, with the approval of the Minister, shall think proper for reserve fund, extension, and other like purposes relating to the performance of the said duties; | ||
(c) payment of all moneys payable in the current year or owing in respect of any previous year to the Minister for Finance on account of the repayment of the said advances; | ||
(d) appropriation for any other purpose which the Board shall think proper. |