Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsValidation of certain rates of interest. [ 12, 42 of 1958.]
| 34. Where, before the commencement of Act No. 42 of 1958, interest in respect of any loan granted by the Commissioner for National Housing under the principal Act has been charged at a rate different from such of the rates determined by the Minister under regulation 9 of the National Housing (No. 1) Regulations, 1954, as is applicable to such loan, the interest so charged shall, notwithstanding such difference, be deemed to have been validly charged. |