S.I. No. 33/1985 - State Financial Transactions (Special Provisions) Act, 1984 (Section 3) Order, 1985.

S.I. No. 33 of 1985.

STATE FINANCIAL TRANSACTIONS (SPECIAL PROVISIONS) ACT, 1984 (SECTION 3) ORDER, 1985.

I, ALAN M. DUKES, Minister for Finance, in exercise of the powers conferred on me by section 3 of the State Financial Transactions (Special Provisions) Act, 1984 (No. 23 of 1984), hereby order as follows:

1. This Order may be cited as the State Financial Transactions (Special Provisions) Act, 1984 (Section 3) Order, 1985.

2. The date for the payment of interest or dividend on the outstanding stock of:

( a ) Finance (Variable Rate) Stock, 1985,

( b ) 9% Exchequer Stock, 1987,

( c ) 7% National Loan, 1987-1992, and,

( d ) 12% Development Stock, 2000-2003,

shall be the 15th day of February, 1985, and interest at the rate of 14.78 per cent. per annum shall be paid on the postponed interest or dividends on the outstanding stock aforesaid in respect of the period beginning on 15th day of December, 1984, and ending on the 15th day of February, 1985.

3. The date for the payment of interest or dividend on the outstanding stock of the 6½% Exchequer Stock, 2000-2005, shall be the 1st day of March, 1985, and interest at the rate of 14.96 per cent. per annum shall be paid on the postponed interest or dividend on the outstanding stock aforesaid in respect of the period beginning on the 27th day of December, 1984, and ending on the 1st day of March, 1985.

4. The date for the payment of interest or dividend on the outstanding stock of:

( a ) 7½% National Loan, 1981-1986,

( b ) 7½% Development Stock, 1988-1993,

( c ) 9¼% National Loan, 1989-1994,

( d ) 4½% Land Bonds,

( e ) 4½% (New) Land Bonds,

( f ) 4% Land Bonds,

( g ) 3½% Land Bonds,

( h ) 4¾% Land Bonds,

( i) 5% Land Bonds,

( j ) 5¾% Land Bonds,

( k ) 6% Land Bonds,

( l) 5½% Land Bonds,

( m ) 7% Land Bonds,

( n ) 7½% Land Bonds,

( o ) 8% Land Bonds,

( p ) 9½% Land Bonds,

( q ) 9¾% Land Bonds,

( r ) 12½% Land Bonds,

( s ) 16% Land Bonds,

( t ) 15% Land Bonds,

( u ) 14¾% Land Bonds,

( v) 13¾% Land Bonds,

( w) 16½% Land Bonds,

( x) 16½% Land Bonds, and,

( y) 18½% Land Bonds,

shall be the 1st day of March, 1985, and interest at the rate of 14.96 per cent. per annum shall be paid on the postponed interest or dividends on the outstanding stock aforesaid in respect of the period beginning on the 1st day of January, 1985, and ending on the 1st day of March, 1985.

5. The date for the redemption of that part of the outstanding stock of the 4½% Land Bonds that was drawn for redemption in November, 1984, pursuant to the Land Bond (Drawings) Regulations, 1970 ( S.I. No. 72 of 1970 ), shall be the 1st day of March, 1985, and interest at the rate of 14.96 per cent. per annum shall be paid on that part of the outstanding stock aforesaid in respect of the period beginning on the 1st day of January, 1985, and ending on the 1st day of March, 1985.

GIVEN under my Official Seal, this 14th day of February, 1985.

ALAN M. DUKES,

Minister for Finance.

EXPLANATORY NOTE.

This Order fixes the dates for the redemption and the payment of interest or dividends on certain securities specified in the Order, which payments were postponed by previous Orders (S.I. Nos. 351 and 370 of 1984). It also fixes the rates of interest to be paid for the periods by which the redemption and payment of interest or dividends were postponed.