S.I. No. 104/1979 -- Savings Certificates (Fifth Issue Extension) Rules, 1979.
S.I. No. 104/1979: SAVINGS CERTIFICATES (FIFTH ISSUE EXTENSION) RULES, 1979. |
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SAVINGS CERTIFICATES (FIFTH ISSUE EXTENSION) RULES, 1979. |
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I, SEOIRSE Ó COLLA, Minister for Finance, in exercise of the powers conferred on me by section 30 (2) of the Finance Act, 1940 (No. 14 of 1940), hereby make the following rules: |
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1. (1) These Rules may be cited as the Savings Certificates (Fifth Issue Extension) Rules, 1979. |
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(2) The Savings Certificates (Fifth Issue Extension) Rules, 1964 to 1974, and these Rules may be cited together as the Savings Certificates (Fifth Issue Extension) Rules, 1964 to 1979. |
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2. In these Rules-- |
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"the fifth issue" means the issue of savings certificates introduced on the 5th day of May, 1952; |
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"relevant date" means, in relation to a savings certificate, the twenty-seventh anniversary of the date marked thereon as the date of issue thereof; |
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"unit certificate" means a savings certificate of the fifth issue the purchase price of which was one pound. |
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3. A savings certificate of the fifth issue may be held for a period not exceeding three years from the relevant date. |
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4. The amount repayable at any time in respect of a savings certificate of the fifth issue which is held under these Rules shall be-- |
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( a ) in the case of a unit certificate-- |
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( b ) in any other case, in a proportionate manner. |
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5. Subject to the provisions of these Rules, the Savings Certificates Rules, 1926, shall apply, with the necessary modifications, in relation to a savings certificate which is held under these Rules. |
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GIVEN under my Official Seal, this 3rd day of April, 1979. |
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SEOIRSE Ó COLLA, |
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Minister for Finance. |
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EXPLANATORY NOTE. |
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This instrument prescribes the rules governing the fourth extension of the Fifth Issue of Savings Certificates. |
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