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EXCHEQUER AND FINANCIAL PROVISIONS ACT (NORTHERN IRELAND) 1950 - SECT 1

1.(1) For the purposes of this Act or of any other enactment

(a)the public income of Northern Ireland for any financial year shall be
deemed to comprise all moneys received in the Exchequer in that year, other
than sums which are in the nature of capital receipts as defined by section
four of this Act, or by virtue of a determination made by the Ministry of
Finance (in this Act referred to as "the Ministry") in accordance with
paragraph (j) of that section;

(b)the public expenditure of Northern Ireland for any financial year shall be
deemed to comprise

(i)all sums issued from the Exchequer in that year, other than issues made for
capital purposes of the Exchequer as defined by sub-section (1) of section
five of this Act; and

(ii)such issues for capital purposes as the Ministry may determine to be
public expenditure by virtue of the next succeeding sub-section of this
section; and

(b)the expression "the public income and expenditure" means the public income
of Northern Ireland and the public expenditure of Northern Ireland.

(2) Issues made from the Consolidated Fund in any financial year for capital
purposes of the Exchequer as defined by section five of this Act may, if and
so far as the Ministry so determine, be deemed to be part of the public
expenditure for that year, so however that the powers conferred by this
sub-section shall be exercised before the end of any financial year with
respect to any such issues made during that year.

© 1950 Crown Copyright

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