NATIONAL DEVELOPMENT BANK: SUBSIDIARY LEGISLATION

INDEX TO SUBSIDIARY LEGISLATION

Minimum Rate of Interest Order

MINIMUM RATE OF INTEREST ORDER

(under section 21(2))

(5th November, 2004)

ARRANGEMENT OF PARAGRAPHS

PARAGRAPH

   1.   Citation

   2.   Minimum rate of interest

S.I. 114, 2004.

1.   Citation

   This Order may be cited as the Minimum Rate of Interest Order.

2.   Minimum rate of interest

   The minimum rate of interest charged on a National Development Bank loan shall be the prime rate less 2 percent.

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