# The Opencast Coal (Rate of Interest on Compensation) (No. 2) Order 1990, Article 2


The rate of interest for the purposes of section 35 of the Opencast Coal Act 1958 shall be 4 per cent. per annum less than the base rate quoted from time to time by the Committee of London Clearing Bankers or, where there is for the time being more than one such rate, the highest of them.

---
Source: https://www.legislation.gov.uk/uksi/1990/1429/article/2 (the official version)
Page: https://openlegislation.uk/opencast-coal-rate-of-interest-on-compensation-no-2-order-1990/article-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.