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Substitution of interest for receiver’s fees on arrears.
55 & 56 Vict. c. 61.
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5. Where any sum payable in respect of any loan made by the Commissioners of Public Works in Ireland since the twenty-eighth day of June one thousand eight hundred and ninety-two (whether such sum is payable for interest, or as an instalment of principal, or as a periodical payment of an annuity or rentcharge, or otherwise), is in arrear for more than thirty-one days next after the date at which the sum became due, there shall be payable to those Commissioners interest on the said sum at the rate of five per cent. per annum from the said date, and such interest shall be charged, payable, and recoverable in like manner as the said sum. Provided that such interest shall not be payable by any person other than the person liable for the same at the date at which it became due.
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