Search Legislation

The Financial Provisions (Northern Ireland) Order 1989


This is the original version (as it was originally made).

Additional interest on arrears of variable interest loans

7.—(1) In Article 9 of the Financial Provisions (Northern Ireland) Order 1983 (terms, etc., of government loans)—

(a)in paragraph (5) (publication of notices in the Belfast Gazette), after sub-paragraph (a) there shall be inserted the following sub-paragraph—

(aa)the rates of interest chargeable under Article 12 in respect of any variable interest loan or class of variable interest loans specified in the notice; and;

(b)in paragraph (5A) (rates of interest may be stated using formula) after the words “paragraph (5)(a)” there shall be inserted the words “or (aa)”.

(2) In Article 12 of that Order (additional interest on arrears of government loans)—

(a)in paragraph (1) (interest chargeable when more than thirty-one days in arrear), for the words “government loan” there shall be substituted the words “variable interest loan is in arrear or in respect of any government loan which is not a variable interest loan”;

(b)after that paragraph there shall be inserted the following paragraph—

(1A) The rate of interest charged under paragraph (1) in respect of a variable interest loan shall be such as may be determined by the Department under Article 9.;

(c)in paragraph (2) (calculation of rate of additional interest on arrears of government loans) after the words “paragraph (1)” there shall be inserted the words “in respect of a government loan which is not a variable interest loan”.

Back to top


Print Options


Legislation is available in different versions:

Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.

Original (As Enacted or Made):The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.


Opening Options

Different options to open legislation in order to view more content on screen at once


More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources