S.I. No. 106/1993 - Post Office Savings Bank (Interest on Deposits) Regulations, 1993

1. These Regulations may be cited as the Post Office Savings Bank (Interest on Deposits) Regulations, 1993.

2. These Regulations shall be deemed to have come into operation on the 5th day of April, 1993.

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 4.5 per cent. per annum.

4. The Post Office Savings Bank (Interest on Deposits) (No. 3) Regulations, 1992 (

S.I. No. 291 of 1992

), are hereby revoked.

GIVEN under the Seal of the National Treasury Management Agency

this 22nd day of April, 1993.

MICHAEL J. SOMERS,

Chief Executive.

S.I. No. 106 of 1993.

POST OFFICE SAVINGS BANK (INTEREST ON DEPOSITS) REGULATIONS, 1993

The National Treasury Management Agency, in exercise of the powers of the Minister for Finance under

section 9

(1) of the

Finance (No. 2) Act, 1968

(No. 37 of 1968), delegated to it by

section 5

(1) of the

National Treasury Management Agency Act, 1990

(No. 18 of 1990) and the

National Treasury Management Agency Act, 1990

(Delegation of and Declaration as to Functions) Order, 1990 (

S.I. No. 277 of 1990

), hereby makes the following Regulations