S.I. No. 268/1976 - Trustee Savings Banks (Interest on Deposits in Special Account) Regulations, 1976.

S.I. No. 268 of 1976.

TRUSTEE SAVINGS BANKS (INTEREST ON DEPOSITS IN SPECIAL ACCOUNT) REGULATIONS, 1976.

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) Regulations, 1976.

2. These Regulations shall come into operation on the 21st day of November, 1976.

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 eight per cent.

4. The Trustee Savings Banks (Interest on Deposits in Special Account) (No. 2) Regulations, 1973 ( S.I. No. 240 of 1973 ), are hereby revoked.

GIVEN under my Official Seal, this 19th day of November, 1976.

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 eight per cent. per annum as from 21st November, 1976.