2.  The rate of interest payable under the following enactments, namely—

(a) section 18 of the Finance Act 1896(1);

(b) section 61(5) of the Finance (1909—10) Act 1910(2); and

(c) section 17(3) of the Law of Property Act 1925(3) and section 73(6) of the Land Registration Act 1925(4),

shall, as regards interest accruing on or after 6th August 1988, be 8 per cent. per annum.

(1)

1896 c. 28.

(2)

1910 c. 8; section 61(5) was amended by section 9 of the Finance Act 1912 (c. 8).

(3)

1925 c. 20.

(4)

1925 c. 21.