Exchequer Bills and Bonds Act, 1866

Date and rate of interest on Exchequer bills.

5. All such Exchequer bills shall bear date on such days and shall bear interest at such rate as may from time to time be fixed by the Treasury, such interest not to exceed the rate of five pounds and ten shillings per centum per annum upon and in respect of the principal moneys respectively contained therein, and to be payable half-yearly at the Bank of England, under such regulations as shall be prescribed in that respect by the Treasury.