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Version status: Repealed | Document consolidation status: Updated to reflect all known changes
Version date: 23 December 2014 - onwards
  Version 3 of 3    

159. Capital Services Redemption Account.

Repealed from 23 December 2014

(1) In this section -

"the 1993 amending section" means section 135 of the Finance Act, 1993;

"capital services" has the same meaning as it has in the principal section;

"the forty-fourth additional annuity" means the sum charged on the Central Fund under subsection (4);

"the principal section" means section 22 of the Finance Act, 1950.

(2) In relation to the twenty-nine successive financial years commencing with the financial year ending on the 31st day of December, 1994, subsection (4) of the 1993 amending section shall have effect with the substitution of "£63,399,051" for "£60,543,110".

(3) Subsection (6) of the 1993 amending section shall have effect with the substitution of "£47,996,485" for "£46,534,800".

(4) A sum of £67,702,028 to redeem borrowings, and interest thereon, in respect of capital services shall be charged annually on the Central Fund or the growing produce thereof in the thirty successive financial years commencing with the financial year ending on the 3

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