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Companies Clauses Act 1869

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Amendment of Part III of 26 & 27 Vict. c.118 as to rate of interest on debenture stock.

1Part III of "The Companies Clauses Act, 1863," shall be read and have effect as if the following words, that is to say, " not " exceeding the rate prescribed in the special Act, and if no rate is " prescribed, then not exceeding the rate of four pounds per centum " per annum," had not been inserted in section 22 of that Act, and any special Act of a company passed before the passing of this Act, prescribing any rate, shall be read and have effect as if no rate had been prescribed therein.

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