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Newfoundland Regulation 1997
Rate on Consolidated Trust Funds Order, 1997
(Filed April 1, 1997)
Under the authority of subsection 71(2) of the Judicature Act I make the following Order.
Chris R. Decker
1. Short title
2. Interest rate applicable
1. This Order may be cited as the Interest Rate on Consolidated Trust Funds Order, 1997.
Interest rate applicable
2. The interest rate payable on the consolidated trust funds kept by the Registrar of the Supreme Court under subsection 71(1) of the Judicature Act shall be at the rate of 2% below the average monthly prime lending rate of the Bank of Montreal.
3. The Interest Rate on Consolidated Trust Funds Order, Consolidated Newfoundland Regulation 743/96, is repealed.
4. This Order shall come into force on
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