Bank Act, 1892

Remuneration to Bank of Ireland for management of unredeemed debt inscribed in books.

2. There shall be paid to the Bank of Ireland, during the period in this Act mentioned, as remuneration for the management of the [1] National Debt inscribed in their books an annual sum calculated at the rate of four hundred and twenty-five pounds for every million pounds, if such debt does not exceed thirty million pounds, and if it does exceed that sum, then at the rate of three hundred pounds for every million pounds of such debt: Provided that during the said period the said annual sum shall not be less than eight thousand pounds.

[1 As to remuneration in respect of the Irish land stock created under 3 Edw. 7. c. 37, see s. 32 of that Act.]