S.I. No. 208/1973:

TRUSTEE SAVINGS BANKS REGULATIONS, 1973.

TRUSTEE SAVINGS BANKS REGULATIONS, 1973.

I, RICHIE RYAN, Minister for Finance, in exercise of the powers conferred on me by section 41 of the Finance Act, 1968 (No. 33 of 1968), hereby make the following regulations:

1. (1) These Regulations may be cited as the Trustee Savings Banks Regulations, 1973.

(2) These Regulations shall come into operation on the 21st day of July, 1973.

2. The rate of interest allowed on moneys standing to the credit of every separate investment account of a trustee savings bank in the name of the Minister for Finance in the Post Office Savings Bank shall, in lieu of the rate specified in Regulation 6 of the Trustee Savings Banks Regulations, 1968 ( S.I. No. 228 of 1968 ) (as amended by the Trustee Savings Banks Regulations, 1971 ( S.I. No. 235 of 1971 )), be eight and one quarter per cent.

3. The Trustee Savings Banks Regulations, 1971, are hereby revoked.

GIVEN under my Official Seal, this 20th day of July, 1973.

RICHIE RYAN,

Minister for Finance.

EXPLANATORY NOTE

These Regulations increase to eight and one quarter per cent. per annum as from 21st July, 1973, the rate of interest payable by the Minister for Finance on moneys deposited with him by the trustee savings banks in every separate special investment account.