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S.I. No. 250/1985 - Post Office Savings Bank (Interest on Deposits) (No. 2) Regulations, 1985.
Statutory Text (5 Articles)
1. These Regulations may be cited as the Post Office Savings Bank (Interest on Deposits) (No. 2) Regulations, 1985.
2. These Regulations shall come into operation on the 1st day of August, 1985.
3. The rate of interest on a deposit within the meaning of
section 14
(1) of the
Finance Act, 1948
(No. 12 of 1948), is hereby prescribed as 7.25 per cent. per annum.
4. The Post Office Savings Bank (Interest on Deposits) Regulations, 1985 (
S.I. No. 120 of 1985
), are hereby revoked.
GIVEN under my Official Seal, this 29th day of July, 1985.
ALAN M. DUKES,
Minister for Finance.
EXPLANATORY NOTE.
These regulations prescribe as 7.25 per cent. per annum the rate of interest payable on deposits in the Post Office Savings Bank as from 1 August, 1985.
S.I. No. 250 of 1985.
POST OFFICE SAVINGS BANK (INTEREST ON DEPOSITS) (NO. 2) REGULATIONS, 1985.
I, ALAN M. DUKES, Minister for Finance, in exercise of the powers conferred on me by
section 9
(1) of the
Finance (No. 2) Act, 1968
(No. 37 of 1968), hereby make the following Regulations