15. Payment of interest

The interest upon the principal moneys represented by stock, bearer bonds or book-entry Government securities issued under this Act shall be paid half-yearly at the office of the Authority as shall be specified in the regulations relating to the issue of the stock, bearer bonds or book-entry Government securities.

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