# The Opencast Coal (Rate of Interest on Compensation) Order 1992, Note: Explanatory note


(This note is not part of the Order)
Section 35 of the Opencast Coal Act 1958 provides that interest shall be payable in addition to compensation in certain circumstances. This Order provides that the rate of interest shall be 4 per cent. per annum less than the median base rate calculated in accordance with Article 2(2), and revokes the Opencast Coal (Rate of Interest on Compensation) (No. 2) Order 1990.

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Source: https://www.legislation.gov.uk/uksi/1992/46/note (the official version)
Page: https://openlegislation.uk/opencast-coal-rate-of-interest-on-compensation-order-1992/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.