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INDUSTRIAL ADVICE AND ENTERPRISE ACT (NORTHERN IRELAND) 1964 - SECT 8

8.(1) There shall be established a fund to be called the Industrial Enterprise
Fund, which shall be under the control and management of the Ministry and
shall be used, in accordance with the provisions of this Part, for the purpose
of making grants and loans with the object of assisting and encouraging
industrial enterprise, the development of industry, and training for
industrial management.

(2) There shall be issued to the Industrial Enterprise Fund out of the Reserve
Fund (established pursuant to section 21 of the Exchequer and Financial
Provisions Act (Northern Ireland) 1950), as the Ministry of Finance may
direct, a sum not exceeding three hundred and twenty thousand pounds.

(3) Any sums from time to time standing to the credit of the Industrial
Enterprise Fund which are not immediately required for the purposes thereof
shall be invested in such manner as the Ministry, with the approval of
the Ministry of Finance, may direct, and any interest or profit arising on
such investment shall be added to the Fund and may be used for the purposes
thereof.

© 1964 Crown Copyright

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