Section 9
Payment of interest
ActIn forceProvision 9 of 14
Section 9
(1)
The interest upon the principal moneys represented by stock issued under this Act shall be paid half-yearly at the office of the
Bank.
(2)
The Minister shall, in each half-yearly period ending with the day on which interest on stock issued under this Act falls due, appropriate out of the Consolidated Fund a sum equal to one-half year's interest on the whole of the stock so issued in order that the interest for such half year may be paid from it.