Article 12 Interest

(1)

Where compensation is paid in instalments, interest at the rate of five per cent per annum, based on the balance of compensation due, shall be paid at the time of the next instalment.

(2)

In the event that the compensation or any instalment, or the balance, of any compensation is not paid within three months of the due day, interest shall be paid on the amount of compensation then due at the rate of five per cent per annum for each completed month of delay:

Provided that no such interest shall be payable in respect of any sum where the failure to make a payment in respect of that sum is a consequence of the failure of the officer concerned or his dependants or personal representatives, or any overseas authority, to provide the Secretary of State with information necessary to enable him to make such payment.