1997 No. 497
JUDICATURE, NORTHERN IRELAND
Court Funds (Amendment No. 3) Rules (Northern Ireland) 1997
Made 10th November 1997
To be laid before Parliment
Coming into operation 15th December 1997

The Lord Chancellor, in exercise of the powers conferred on him by section 82(1) of the Judicature (Northern Ireland) Act 1978 and with concurrence of the Treasury, hereby makes the following Rules:—
1978 c. 23

1 Citation and commencement
These Rules may be cited as the Court Funds (Amendment No. 3) Rules (Northern Ireland) 1997 and shall come into operation on 15th December 1997.

2 Prescribed rates of interest
in Rule 32A of the Court Funds Rules (Northern Ireland) 1979—
(a) In paragraph (2) for the words “4% per annum” substitute the words “4.5% per annum.”;
(b) in paragraph (3) for the words “5% per annum” substitute the words “6% per annum.”.
S.R. 1979 No.105 as amended by S.R. 1997 No. 166 and S.R. 1997 No. 295
Irvine of Lairg, C. Dated 10th November 1997.
We concur
John McFaul Bob Ainsworth Two of the Lords Commissioners of Her Majesty’s Treasury Dated 12th November 1997.

(This note is not part of the Rules.)
These Rules amend the Court Funds Rules (Northern Ireland) 1979 so as to increase the rate of interest payable—
(a) on money placed to the deposit account from 4% per annum to 4.5% per annum;
(b) on money placed to the short-term investment account from 5% per annum to 6% per annum.