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Diversion of portion of licence duty grant.
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5.—In respect of the year 1948-49 and every subsequent year, the sums payable out of the Local Taxation Account under the following enactments, namely, subsection (2) of section 58 of the Local Government (Ireland) Act, 1898, and subsection (2) of section 5 of the Local Government (Ireland) Act, 1902, shall, in lieu of being paid in the manner provided by the said enactments, be paid into or disposed of for the benefit of the Exchequer in such manner as the Minister for Finance may direct.
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