BAILII is celebrating 24 years of free online access to the law! Would you consider making a contribution?
No donation is too small. If every visitor before 31 December gives just £1, it will have a significant impact on BAILII's ability to continue providing free access to the law.
Thank you very much for your support!
 |
[Home] [Databases] [World Law] [Multidatabase Search] [Help] [Feedback] | |
United Kingdom Statutory Instruments |
||
|
You are here: BAILII >> Databases >> United Kingdom Statutory Instruments >> The Opencast Coal (Rate of Interest on Compensation) (No. 2) Order 1988 No. 2094 URL: http://www.bailii.org/uk/legis/num_reg/1988/uksi_19882094_en.html |
||
[New search] [Help]
Statutory Instruments
COAL INDUSTRY
Made
29th November 1988
Laid before Parliament
2nd December 1988
Coming into force
23rd December 1988
The Treasury, in exercise of the powers conferred upon them by sections 35(8) and 49(4) of the Opencast Coal Act 1958(1), and of all other powers enabling them in that behalf, hereby make the following Order:
1. This Order may be cited as the Opencast Coal (Rate of Interest on Compensation) (No. 2) Order 1988, and shall come into force on 23rd December 1988.
2. The rate of interest for the purposes of section 35 of the Opencast Coal Act 1958 shall be 11⅞ per cent. per annum.
3. The Opencast Coal (Rate of Interest on Compensation) Order 1988(2) is hereby revoked.
Kenneth Carlisle
Tony Durant
Two of the Lords Commissioners of Her Majesty's Treasury
29th November 1988
(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 increases the rate of interest from 9¼ per cent. to 11⅞ per cent. per annum and revokes the Opencast Coal (Rate of Interest on Compensation) Order 1988.
S.I. 1988/890.
