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Explanatory note

Original text. Later amendments are not shown.

(This note is not part of the Rules.)

These Rules amend the Court Funds Rules (Northern Ireland) 1979 so as to:

(a)

provide for interest to accrue on lodgments of money paid in satisfaction of a plaintiff’s claim in court;

(b)

make clear that the rates of interest prescribed in respect of two accounts maintained by the Court Funds Office, namely the deposit account and short-term investment account, are annual rates;

(c)

increase from £1500 to £5000 the sum which may be paid out of court to representatives of deceased persons in certain circumstances;

(d)

provide for payment out of court of money by means of the Bankers Automated Clearing System in addition to payment by cheque.