LOAN (INCOME EQUALIZATION DEPOSITS) ACT 1976 (REPEALED)

***** Repealed 22 February 2005 *****

PART II - MAKING OF DEPOSITS

SECTION 4A   INTEREST PAYABLE IN RESPECT OF DEPOSITS  

4A(1)  [Payable under section]  

Subject to sections 4B and 25D, interest is payable in accordance with this section in respect of deposits.

4A(2)  [When interest payable]  

The interest is only payable on:

(a)  if the deposit is partly a farm management bond - the sum of the investment component, from time to time, of the part that is a farm management bond and the investment component, from time to time, of the remainder; and

(b)  in any other case - the investment component, from time to time, of the deposit.

4A(3)  [Rate]  

The interest is payable at the short-term bond rate.