§ (1) The charge on the Guarantee Fund for any deficiency in respect of the issue of stock or bills or bonds at a discount shall extend only to the amount of the Ireland Development Grant which forms part of the cash portion of that fund; and the deficiency, so far as it is not made good out of that amount, shall be made good out of moneys provided by Parliament.
§ (2) Any deficiency in interest arising by reason of money being raised by means of three per cent. stock for the purpose of advances in respect of which interest is payable by the Land commission to the National Debt Commissioners at the rate of two-and-three-quarters per cent. only shall be made good in the same manner as a deficiency arising in respect of the issue of stock at a discount is to be made good under sub-section (6) of section thirty-six of the Act of 1903, as amended by this section.
§ Amendment made in section (2), leave out the word "interest" ["Any deficiency in interest …"], and to insert the words "respect of interest or sinking fund."—[Mr. Birrell.]
§ Clause, as amended, agreed to.