S.I. No. 86/1988 - Trustee Savings Banks (Interest on Deposits in Special Account) Regulations, 1988.

1. These Regulations may be cited as the Trustee Savings Banks (Interest on Deposits in Special Account) Regulations, 1988.

2. These Regulations shall come into operation on the 21st day of April, 1988.

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 5.22 per cent. per annum.

4. The Trustee Savings Banks (Interest on Deposits in Special Account) (No. 5) Regulations, 1987 (

S.I. No. 335 of 1987

), are hereby revoked.

GIVEN under my Official Seal, this 20th day of April, 1988.

RAY MACSHARRY,

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 5.22 per cent. per annum as from 21st April, 1988.

S.I. No. 86 of 1988.

TRUSTEE SAVINGS BANKS (INTEREST ON DEPOSITS IN SPECIAL ACCOUNT) REGULATIONS, 1988.

I, RAY MACSHARRY, 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