5. Section 44 of the principal enactment is hereby repealed and the following new section substituted therefor :
| 44.Interest shall be paid on the amount specified in a certificate issued under section 42 if such amount lies in deposit for a period of two years commencing on the day immediately succeeding the last day of the period of twelve months in respect of which the certificate was issued. Interest in respect of the first two years commencing on. the day immediately succeeding the last day of the period of twelve months in respect of which the certificate was issued, shall be paid at the rate of five per centum and in respect of subsequent years also at the rate of five per centum.". |
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Sri Lanka Consolidated Acts