LegalizeS.I. No. 258/1987 - Trustee Savings Banks (Interest on Deposits in Special Account) (No. 4) Regulations, 1987
This is the act as published. Later amendments are not folded into the text below: each one is a separate act in this repository and an entry in this law's history.
1 amending act · 1987-12-25, S.I. No. 335/1987 - Trustee Savings Banks (Interest on Deposits in Special Account) (No. …
S.I. No. 258 of 1987.
TRUSTEE SAVINGS BANKS (INTEREST ON DEPOSITS IN SPECIAL ACCOUNT) (No. 4) REGULATIONS, 1987.
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:
1.
These Regulations may be cited as the Trustee Savings Banks (Interest on Deposits in Special Account) (No. 4) Regulations, 1987.
2.
These Regulations shall come into operation on the 7th day of October 1987.
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 6.22 per cent per annum.
4.
The Trustee Savings Banks (Interest on Deposits in Special Account) (No. 3) Regulations, 1987 ( S.I. No. 193 of 1987 ), are hereby revoked.
GIVEN under my Official Seal, this 6th day of October, 1987.
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 6.22 per cent per annum as from 7th October, 1987.
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