The Trustee Savings Banks (Special Investments) (Amendment) Order 1953
EXPLANATORY NOTE
(This Note is not part of the Order, but is intended to indicate its general purport.) This order revokes and replaces the Trustee Savings Banks (Rate of Interest) Order, 1952, which fixed the rate of interest allowed to trustees of trustee savings banks, in respect of money paid into the Bank of England or the Bank of Ireland. The order provides that for the period from 21st November, 1953, when it comes into operation, until 20th November, 1954, the rate shall be £2 17s. 6d...