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Irish Statutory Instruments
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URL: http://www.bailii.org/ie/legis/num_reg/1993/0058.html

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S.I. No. 58/1993 -- Savings Certificates (Tenth Issue Extension) Rules, 1993.

S.I. No. 58/1993 -- Savings Certificates (Tenth Issue Extension) Rules, 1993. 1993 58

S.I. No. 58/1993:

SAVINGS CERTIFICATES (TENTH ISSUE EXTENSION) RULES, 1993.

SAVINGS CERTIFICATES (TENTH ISSUE EXTENSION) RULES, 1993.

The National Treasury Management Agency, in exercise of the powers conferred on it by section 30 (2) of the Finance Act, 1940 (No. 14 of 1940), and the National Treasury Management Agency Act, 1990 (Delegation of and Declaration as to Functions) Order, 1990 ( S.I. No. 277 of 1990 ), hereby makes the following Rules:

1. These Rules may be cited as the Savings Certificates (Tenth Issue Extension) Rules, 1993.

2. In these Rules--

"the tenth issue" means the issue of savings certificates introduced on the 6th day of March, 1981;

"the relevant date" means, in relation to a savings certificate, the twelfth anniversary of the date marked thereon as the date of issue thereof; and

"unit certificate" means a savings certificate of the tenth issue the purchase price of which was ten pounds.

3. A savings certificate of the tenth issue may be held for a period not exceeding three years from the relevant date.

4. The amount repayable at any time in respect of a savings certificate of the tenth issue which is held under these Rules shall be--

( a ) in the case of a unit certificate--

£

(i) if it is held for less than six months from the relevant date

25.93

(ii) if it is held for six months or more and less than one year from such date

26.60

(iii) if it is held for one year or more and less than one and one half years from such date

27.40

(iv) if it is held for one and one half years or more and less than two years from such date

28.20

(v) if it is held for two years or more and less than two and one half years from such date

29.25

(vi) if it is held for two and one half years or more and less than three years from such date

30.35

(vii) if it is held for three years from such date

31.75

( b ) in any other case, the appropriate corresponding amount.

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.

GIVEN under my Seal of the National Treasury Management Agency,

this 2nd day of March, 1993.

MICHAEL J. SOMERS,

Chief Executive.

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URL: http://www.bailii.org/ie/legis/num_reg/1993/0058.html