National Debt (Supplemental) Act, 1888

Reduction of interest in the case of trustee savings banks.

5. All receipts issued to the trustees of trustee savings banks by the Commissioners for the Reduction of the National Debt in respect of money paid into the Banks of England or Ireland by such trustees, shall carry interest at the rate of two pounds fifteen shillings per centum per annum, and the interest payable to depositors by the trustees of any trustee savings banks shall not exceed the rate of two pounds ten shillings per centum per annum. . . . .

[S. 6 rep. 59 & 60 Vict. c. 25, s. 107. S. 7 rep. 8 Edw. 7. c. 49 (S.L.R.).]