48.—Section 21(2) of the Act of 1939 is amended—

( a) in paragraph ( a) by substituting—

(i) “€3,000” for “fifty pounds”, and

(ii) “12 months” for “three months”,

and

( b) in paragraph ( b) by substituting “a fine or imprisonment for a term not exceeding 8 years or both” for “imprisonment for a term not exceeding 7 years”.