S.I. No. 351/1977 - Trustee Savings Banks (Interest on Deposits in Special Account) Regulations, 1977.

1. These Regulations may be cited as the Trustee Savings Banks (Interest on Deposits in Special Account) Regulations, 1977.

2. These Regulations shall come into operation on the 21st day of November, 1977.

3. The rate of interest on moneys paid by the trustees of every trustee savings bank into the special account referred to in

section 31

(3) of the

Finance Act, 1940

(No. 14 of 1940), is hereby prescribed as six per cent.

4. The Trustee Savings Banks (Interest on Deposits in Special Account) Regulations, 1976 (

S.I. No. 268 of 1976

), are hereby revoked.

GIVEN under my Official Seal, this 18th day of November, 1977.

GEORGE COLLEY,

Minister for Finance.

EXPLANATORY NOTE.

These regulations prescribe the rate of interest payable on moneys paid by the trustees of every trustee savings bank into the special account in the name of the Minister for Finance as six per cent. per annum as from 21st November, 1977.

S.I. No. 351 of 1977.

TRUSTEE SAVINGS BANKS (INTEREST ON DEPOSITS IN SPECIAL ACCOUNT) REGULATIONS, 1977.

I, GEORGE COLLEY, Minister for Finance, in exercise of the powers conferred on me by

section 9

(2) of the

Finance (No. 2) Act, 1968

(No. 37 of 1968), hereby make the following regulations