S.I. No. 352/1953 -- Trade Loans Regulations, 1953.
S.I. No. 352/1953: TRADE LOANS REGULATIONS, 1953. |
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TRADE LOANS REGULATIONS, 1953. |
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I, SEAN F. LEMASS, Minister for Industry and Commerce, in exercise of the powers vested in me by section 12 of the Trade Loans (Guarantee) Act, 1939 (No. 5 of 1939), and with the consent of the Minister for Finance, signified by his Official Seal affixed hereto, hereby make the following regulations :-- |
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1. These regulations may be cited as the Trade Loans Regulations, 1953. |
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2. The fees to be paid for the purposes of Section 5 of the Trade Loans (Guarantee) Act, 1939 , shall be those specified in the Schedule hereto, in lieu of those heretofore prescribed. |
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SCHEDULE |
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1. A payment of three pounds in respect of each application for a guarantee or loan. |
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2. A fee in respect of each guarantee given or loan granted under the Act of an amount equal to the sum of the following :-- |
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(a) an amount calculated at the rate of one-half of one per centum of the amount guaranteed or loaned; |
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(b) an amount calculated at the rate of one per centum on the first two thousand pounds of the guarantee or loan and at the rate of one-tenth of one per centum on the balance in excess of two thousand pounds thereof, or the amount of fifty pounds, whichever is the lesser amount. |
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GIVEN under my Official Seal this 31st day of October, 1953. |
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SEAN F. LEMASS, |
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Minister for Industry and Commerce. |
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The Minister for Finance hereby consents to the foregoing regulations. |
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GIVEN under the Official Seal of the Minister for Finance, this 12th day of November, 1953. |
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G. P. S. HOGAN, |
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An Assistant Secretary, Department of |
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Finance. |
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