(1) If, at any time while the Committee of Lloyd's maintains in pursuance of this Part of this Act a deposit of one hundred thousand pounds with the Accountant of the Courts of Justice, there is no syndicate carrying on in Saorstát Eireann any assurance business other than life assurance business, industrial assurance business, bond investment business, or glass insurance business, the Committee of Lloyd's may apply in a summary manner to the High Court on notice to the Bank for such order as is hereinafter mentioned in relation to such deposit.
(2) [deleted]
(3) If, on an application to the High Court under this section by the Committee of Lloyd's, the High Court is satisfied that there is no syndicate carrying on in Saorstát Eireann any relevant assurance business (as defined in the next following sub-section of this section) and that either the liabilities within Saorstát Eireann of every syndicate which formerly carried on in Saorstát Eireann any relevant assurance business h
…