Section 10
Interest
ActIn forceProvision 8 of 12
Section 10
(1)
The interest upon the principal moneys represented by any stock issued under this Act shall be paid half-yearly at the office of the Treasury.
(2)
The Minister shall in each half-year 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.