S.I. No. 223/1971 -- Trustee Savings Banks Regulations, 1940 (Amendment) Regulations, 1971.
S.I. No. 223/1971: TRUSTEE SAVINGS BANKS REGULATIONS, 1940 (AMENDMENT) REGULATIONS, 1971. |
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TRUSTEE SAVINGS BANKS REGULATIONS, 1940 (AMENDMENT) REGULATIONS, 1971. |
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I, SEOIRSE Ó COLLA, Minister for Finance, in exercise of the powers conferred on me by section 31 (4) of the Finance Act, 1940 (No. 14 of 1940), hereby order as follows: |
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1. These Regulations may be cited as the Trustee Savings Banks Regulations, 1940 (Amendment) Regulations, 1971. |
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2. In respect of any period commencing on or after the 21st day of July, 1971, Regulation 7 of the Trustee Savings Banks Regulations, 1940 (S.R. & O., No. 336 of 1940), shall have effect as if "four and three-quarters per cent." were substituted for "four and three-fifths per cent." (inserted by the Trustee Savings Banks Regulations, 1940 (Amendment) Regulations, 1969 ( S.I. No. 14 of 1969 )). |
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GIVEN under my Official Seal, this 20th day of July, 1971. |
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SEOIRSE Ó COLLA, |
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Minister for Finance. |
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EXPLANATORY NOTE. |
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These Regulations increase to four and three-quarters per cent. per annum as from 21st July, 1971, the rate of interest payable by the Minister for Finance on moneys deposited with him by the trustee savings banks. |
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