S.I. No. 201/1979 - Savings Certificates (Eighth Issue Extension) Rules, 1979.
S.I. No. 201 of 1979. | ||||||||||||||||||
SAVINGS CERTIFICATES (EIGHTH ISSUE EXTENSION) RULES, 1979. | ||||||||||||||||||
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: 1. (1) These Rules may be cited as the Savings Certificates (Eighth Issue Extension) Rules, 1979. | ||||||||||||||||||
(2) The Savings Certificates (Eighth Issue Extension) Rules, 1974 ( S.I. No. 178 of 1976 ), and these Rules may be cited together as the Savings Certificates (Eighth Issue Extension) Rules, 1976 and 1979. 2. In these Rules— | ||||||||||||||||||
"the eighth issue" means the issue of savings certificates introduced on the 14th day of June, 1971; | ||||||||||||||||||
"relevant date" means, in relation to a savings certificate, the eighth anniversary of the date marked thereon as the date of issue thereof; | ||||||||||||||||||
"unit certificate" means a savings certificate of the eighth issue the purchase price of which was one pound. 3. A savings certificate of the eighth 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 eighth issue which is held under these Rules shall be— | ||||||||||||||||||
( a ) in the case of a unit certificate— | ||||||||||||||||||
| ||||||||||||||||||
( b ) in any other case, in a proportionate manner. 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 Official Seal, this 13th day of June, 1979. | ||||||||||||||||||
SEOIRSE Ó COLLA, | ||||||||||||||||||
Minister for Finance. | ||||||||||||||||||
EXPLANATORY NOTE. | ||||||||||||||||||
This instrument prescribes the rules governing the second extension of the Eighth Issue of Savings Certificates. |