S.I. No. 347/1990 - Post Office Savings Bank (Interest on Deposits) (No. 4) Regulations, 1990.

S.I. No. 347 of 1990.

POST OFFICE SAVINGS BANK (INTEREST ON DEPOSITS) (NO. 4) REGULATIONS, 1990.

I, ALBERT REYNOLDS, 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:

1. These Regulations may be cited as the Post Office Savings Bank (Interest on Deposits) (No. 4) Regulations, 1990.

2. These Regulations shall come into operation on the 1st day of November, 1990.

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 6.25 per cent. per annum.

4. The Post Office Savings Bank (Interest on Deposits) (No. 3) Regulations, 1990 ( S.I. No 173 of 1990 ), are hereby revoked.

GIVEN under my Official Seal, this 31st day of October, 1990.

ALBERT REYNOLDS,

Minister for Finance.

EXPLANATORY NOTE.

These regulations prescribe at 6.25 per cent. per annum the rate of interest payable on deposits in the Post Office Savings Bank as from 1st November, 1990.