Paragraph 4 I1

(1)

Subject to sub-paragraph (2) below, so much of the amount of any depreciation payment as for the time being remains unpaid by the Corporation shall carry interest at the applicable rate (if any) in respect of any period falling—

(a)

after the relevant time for the purposes of paragraph 3 above in relation to that payment; and

(b)

before the whole amount and any accrued interest is paid.

(2)

Any period of delay in determining the amount of any such payment which is attributable to unreasonable conduct on the part of the claimant or any other person interested shall be disregarded for the purposes of sub-paragraph (1) above.

Annotations

Commencement

I1: Sch. 1 para. 4 wholly in force at 30. 11. 1991 see s. 54(2) and S.I. 1991/2508, art. 2

Notes on Schedule 1

Commencement

I1: Sch. 1 wholly in force at 30. 11. 1991 see s. 54(2) and S.I. 1991/2508, art. 2