INTEREST (ALLOWANCE BY JURY) ACT

ARRANGEMENT OF SECTIONS

   1   Short title

   2   Interest not exceeding 6 per cent, may be allowed by jury on debts, etc in certain cases

   3   In certain actions jury may give damages in nature of interest

   4   Arbitrator or umpire to have like power as a jury in allowing interest

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THE INTEREST (ALLOWANCE BY JURY) ACT

[Date of Commencement: 27th June, 1908]

Cap 164.

1   Short title

   This Act may be cited as the Interest (Allowance by Jury) Act .

2   Interest not exceeding 6 per cent, may be allowed by jury on debts, etc in certain cases

   Upon all debts or sums certain, payable at a certain time or otherwise, the jury, on the trial of any issue or inquisition of damages may, if they shall think fit, allow interest to the creditor at a rate not exceeding six per centum per annum, from the time when such debts or sums certain were payable, if such debts or sums be payable by virtue of sworn written instrument at a certain time, or, if payable otherwise, then from the time when demand of payment shall have been made in writing, so as such demand shall give notice to the debtor that interest will be claimed from the date of such demand until the term of payment:

   Provided that interest shall be payable in all cases in which it is now payable by law.

3   In certain actions jury may give damages in nature of interest

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