S.I. No. 240/1973 - Trustee Savings Banks (Interest on Deposits in Special Account) (No. 2) Regulations, 1973.

S.I. No. 240 of 1973.

TRUSTEE SAVINGS BANKS (INTEREST ON DEPOSITS IN SPECIAL ACCOUNT) (NO. 2) REGULATIONS, 1973.

I, RICHIE RYAN, 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. 2) Regulations, 1973.

2. These Regulations shall come into operation on the 21st day of August, 1973.

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 seven and three-quarters per cent.

4. The Trustee Savings Banks (Interest on Deposits in Special Account) Regulations, 1969 ( S.I. No. 15 of 1969 ), and the Trustee Savings Banks (Interest on Deposits in Special Account) Regulations, 1973 ( S.I. No. 209 of 1973 ), are hereby revoked.

GIVEN under my Official Seal, this 17th day of August, 1973.

RICHIE RYAN,

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 seven and three-quarters per cent. per annum as from 21 August, 1973.