INTEREST (ALLOWANCE BY JURY) 1
THE INTEREST (ALLOWANCE BY JURY) ACT cap. 164.
[27th June, 1908.1
1. This Act may be cited as the Interest (Allowance by short title.
2. Upon all debts or sums certain, payable at a certain Interer;tnot
time or otherwise, the jury, on the trial of any issue or 6pcrcent,
inquisition of damages, may, if they shall think fit, allow ;;iw%by
interest to the creditor at a rate not exceeding six per iuryon
debts. etc., centurn per annum, from the time when such debts or sums in
certain were payable, if such debts or sums be payable by :?,"
virtue of some written instrument at a certain time, or, if
Fayable 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. The jury on the trial of any issue or inquisition of Incertain
damages may, if they think fit, give damages in the nature
of interest, over and above the value of the goods at the ~~~~~
time of the conversion or seizure, in all actions of trover inkmr
or trespass de bonis asportatis, and over and above the
money recoverable in all actions on policies of insurance
made after the passing of this Act.
4. In all cases where resort shall be had to arbitration ArhitraFr
in order to settle the sum payable to any creditor or claim- tohave
ant, the arbitrator, arbitrators or their umpire, shall have ::Egryy
the like power of allowing interest as a jury has under this E;'
me inclusion of this page is authorized by L.N. 480119731