Clause 10

The interest upon the principal moneys represented by stock issued under the provisions of this Act shall be paid half-yearly at the office of the Treasury or at the Bank as shall be specified in the prospectus relating to the issue of such stock.

The Minister shall, in each half-yearly period ending with the day on which interest on stock issued under the provisions of this Act falls due, appropriate out of the Consolidated Fund a sum equal to one half-year’s interest on the whole of the stock so issued in order that the interest for such half-year may be paid therefrom.