Article 2

The rate of interest payable under the following enactments, namely—

(a)

section 18 of the Finance Act 1896^f1;

(b)

section 61(5) of the Finance (1909–10) Act 1910^f2; and

(c)

section 17(3) of the Law of Property Act 1925^f3 and section 73(6) of the Land Registration Act 1925^f4

shall, as regards interest accruing on or after 6th July 1989, be 11 per cent. per annum.

Annotations

f1: 1896 c. 28.
f2: 1910 c. 8; section 61(5) was amended by section 9 of the Finance Act 1912 (c. 8).
f3: 1925 c. 20.
f4: 1925 c. 21.