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A further Public Limited Liability Company to be known as “The Irish Assurance Company, Limited” (herein referred to as “The Permanent Company”) shall so soon as is reasonably possible be promoted by the Terminating Company and be incorporated and registered pursuant to the provisions of the Companies Acts, 1908 to 1924, for the purpose of carrying on Life Assurance business and Industrial Assurance business and Sinking Fund or Capital Redemption business.
A further Public Limited Liability Company to be known as "THE IRISH ASSURANCE COMPANY, LIMITED" (herein referred to as "The Permanent Company") shall so soon as is reasonably possible be promoted by the Terminating Company and be incorporated and registered pursuant to the provisions of the Companies Acts, 1908 to 1924, for the purpose of carrying on Life Assurance business and Industrial Assurance business and Sinking Fund or Capital Redemption business.