S.I. No. 371/1981 -- Savings Certificates (Ninth Issue Extension) Rules, 1981.
STATUTORY INSTRUMENTS. |
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S.I. No. 371 of 1981. |
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SAVINGS CERTIFICATES (NINTH ISSUE EXTENSION) RULES, 1981. |
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S.I. No. 371 of 1981. |
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SAVINGS CERTIFICATES (NINTH ISSUE EXTENSION) RULES, 1981. |
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I, JOHN BRUTON, 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. These rules may be cited as the Savings Certificates (Ninth Issue Extension) Rules, 1981. |
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2. In these Rules-- |
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“the ninth issue” means the issue of savings certificates introduced on the 5th day of November, 1973; |
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“relevant date” means, in relation to a savings certificate, the eight anniversary of the date marked thereon as the date of issue thereof: |
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“unit certificate” means a savings certificate of the ninth issue the purchase price of which was one pound. |
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3. A savings certificate of the ninth 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 ninth 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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EXPLANATORY NOTE. |
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(This note is not part of the Instrument and does not purport to be a legal interpretation). |
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This instrument prescribes the rules governing the second extension of the Ninth Issue of Savings Certificates. |