S.I. No. 6/1985 - State Financial Transactions (Special Provisions) Act, 1984 (Section 2 (3)) Order, 1985.


S.I. No. 6 of 1985.

STATE FINANCIAL TRANSACTIONS (SPECIAL PROVISIONS) ACT, 1984 (SECTION 2 (3)) ORDER, 1985.

I, ALAN M. DUKES, Minister for Finance, being satisfied that the payment of the interest or dividends due on the 15th day of January, 1985, on the securities specified in Article 2 of the Order following cannot be effected and that the redemption due on the 15th day of January, 1985, of the security specified in Article 3 of the Order following cannot be effected, hereby, in exercise of the powers conferred on me by section 2 (3) of the State Financial Transactions (Special Provisions) Act, 1984 (No. 23 of 1984), order as follows:

1. This Order may be cited as the State Financial Transactions (Special Provision) Act, 1984 (Section 2 (3)) Order, 1985.

2. The payment of the interest or dividends due on the 15th day of January, 1985, on the outstanding stock of:

( a ) Variable Rate Exchequer Stock, 1985,

( b ) 10% Funding Stock, 1986,

( c ) 16% Finance Loan, 1987, and

( d ) 11½% Finance Stock, 1991-1993,

is hereby postponed.

3. The redemption due on the 15th day of January, 1985, of the outstanding stock of the Variable Rate Exchequer Stock, 1985, is hereby postponed.

GIVEN under my Official Seal this 10th day of January, 1985.

ALAN M. DUKES,

Minister for Finance.

EXPLANATORY NOTE.

This Order postpones the payment of interest or dividends due on 15 January 1985, in relation to the securities specified in the Order. The redemption on 15 January 1985 of the Variable Rate Exchequer Stock 1985, is also postponed.