S.I. No. 370/1984:

STATE FINANCIAL TRANSACTIONS (SPECIAL PROVISIONS) ACT, 1984 (SECTION 2 (3)) (No. 2) ORDER, 1984.

STATE FINANCIAL TRANSACTIONS (SPECIAL PROVISIONS) ACT, 1984 (SECTION 2 (3)) (No. 2) ORDER, 1984.

I, ALAN M. DUKES, Minister for Finance, being satisfied that the payment of the interest or dividend due on the 27th day of December, 1984, on the security specified in Article 2 of the Order following and due on the 1st day of January 1985, on the securities specified in Article 3 of the Order following cannot be effected and the redemption, due on the 1st day of January, 1985, of part of the security specified in Article 4 of the Order following cannot be effected, hereby, in exercise of the powers conferred on me by Section 2 (3) of the State Financial Transactions (Special Provisions) Act, 1984 (No. 23 of 1984), order as follows:

1. (1) This Order may be cited as the State Financial Transactions (Special Provisions) Act. 1984 (Section 2(3)) (No. 2) Order, 1984.

(2) This Order shall come into operation on the 24th day of December, 1984.

2. The payment of the interest or dividend due on the 27th day of December 1984, on the outstanding stock of 6½% Exchequer Stock, 2000-2005, is hereby postponed.

3. The payment of the interest or dividends due on the 1st day of January, 1985, on the outstanding stock of:

(a) 7½% National Loan, 1981-1986,

(b) 7½% Development Stock, 1988-1993,

(c) 9¼% National Loan, 1989-1994,

(d) 4½% Land Bonds,

(e) 4½% (New) Land Bonds,

(f) 4% Land Bonds,

(g) 3½% Land Bonds,

(h) 4 ¾% Land Bonds,

(i) 5% Land Bonds,

(j) 5 ¾% Land Bonds,

(k) 6% Land Bonds,

(l) 5½% Land Bonds,

(m) 7% Land Bonds,

(n) 7½% Land Bonds,

(o) 8% Land Bonds,

(p) 9½% Land Bonds,

(q) 9¾% Land Bonds,

(r) 12½% Land Bonds,

(s) 16% Land Bonds,

(t) 15% Land Bonds,

(u) 14¾% Land Bonds,

(v) 13¾% Land Bonds,

(w) 16½% Land Bonds,

(x) 16¼% Land Bonds, and

(y) 18¼% Land Bonds,

is hereby postponed.

4. The redemption due on the 1st day of January, 1985, of that part of the outstanding stock of the 4½% Land Bonds that was drawn for redemption in November, 1984, pursuant to the Land Bond (Drawings) Regulations, 1970, ( S.I. No. 72 of 1970 ) is hereby postponed.

GIVEN under my Official Seal, this 21st day of December, 1984.

ALAN M. DUKES,

Minister for Finance.

EXPLANATORY NOTE.

This Order postpones the payment of interest or dividends due on 27 December, 1984, and 1 January, 1985, in relation to the securities specified in the Order. The redemption on 1 January, 1985, of the 4½% old Land Bonds drawn at the November 1984 Land Bond Draw is also postponed by the Order.