Irish Land Act 1903

40 Amendment of law relating to Guarantee Fund

(1) After the thirty-first day of March next after the passing of this Act, there shall be paid to the Guarantee Fund, in respect of the cash portion thereof, the agricultural grant under the [61 & 62 Vict. c. 37.] Local Government (Ireland) Act, 1898, and the said, grant shall be applicable to the purposes of the cash portion of the said Guarantee Fund next after the death duty grant payable under section nineteen of the [57 & 58 Vict. c. 30.] Finance Act, 1894.

(2) The annual sum payable under paragraph (b) of section fifteen of the [62 & 63 Vict. c. 50.] Agriculture and Technical Instruction (Ireland) Act, 1899, shall form part of the contingent portion of the Guarantee Fund, and shall be available for the purposes thereof next after the grant substituted for the grant in aid of the cost of maintenance of pauper lunatics.

(3) Instead of the limit of twenty-five times the share of a county in the Guarantee Fund imposed by subsection one of section nine of the Act of 1891, there shall be substituted the limit of thirty times such share.

(4) Instead of the limit of fifty times the share of a county in the Guarantee Fund imposed by subsection one of section one of the [1 Edw. 7. c. 3.] Purchase of Land (Ireland) Act, 1901, there shall be substituted the limit of sixty times such share.