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9 1947

NATIONAL HEALTH INSURANCE ACT, 1947

PART V.

Other Amendments of the Act of 1911.

State grant in respect of expenditure on benefits and administration.

17. —(1) In lieu of the grant payable, under section 3 of the Act of 1911, as amended by subsection (4) of section 1 of the National Health Insurance Act, 1920, out of moneys provided by the Oireachtas, there shall, in respect of the financial year commencing on the 1st day of April, 1947, and of every succeeding financial year, be paid into the National Health Insurance Fund, out of moneys provided by the Oireachtas, such sum as, in the opinion of the Minister and of the Minister for Finance, would be payable in respect of such year under the said section 3, as so amended, if this subsection had not been enacted.

(2) The sum payable under subsection (1) of this section into the National Health Insurance Fund in respect of any financial year shall be so paid, in such amounts and at such times during that financial year as the Minister for Finance shall determine.

Amendment of Section 54 of the Act of 1911.

18. —Subsection (3) of section 54 of the Act of 1911, as amended by subsection (1) of section 28 of the Act of 1923, is hereby amended by the insertion after the words “trust moneys” of the words “or in any of the stocks, funds and securities which are for the time being authorised by law as investments for Post Office Savings Bank funds”.

Amendment of First Schedule to the Act of 1911.

19. —(1) Paragraph (g) of Part II of the First Schedule to the Act of 1911, as amended by section 1 of the National Health Insurance Act, 1919, is hereby amended by the substitution of the words “five hundred pounds” for the words “two hundred and fifty pounds” where the latter words occur.

(2) Subsection (1) of this section shall come into operation on such day as the Minister shall by order fix for that purpose.