§ Mr. J. H. Osbornasked the Attorney-General if he will seek powers to make regulations defining what interest is to be paid in relation to the content of an award which provides for future disability, or future loss of earnings not incurred by the date of the award; and what standard interest rates should be awarded in accordance with Section 22 of the Administration of Justice Act.
The Attorney-GeneralIt is unnecessary to take power to make regulations about these matters as they are fully dealt with in the judgment delivered by the Court of Appeal inJefford v. Gee on 4th March, 1970.
§ Mr. J. H. Osbornasked the Attorney-General if he will seek powers to make regulations defining whether interest on money paid into court is to be paid gross or net by defendants; and over what period or periods the interest is to be paid in accordance with section 22 of the Administration of Justice Act.
The Attorney-GeneralInJefford v. Gee the Court of Appeal expressed the view that where a defendant pays money into court in satisfaction of the plaintiff's claim it should not be accompanied by any payment in respect of interest. They also gave guidance on the period or periods for which interest should be awarded under Section 22 of the Administration of Justice Act, 1969.
§ Mr. J. H. Osbornasked the Attorney-General if he will seek powers to define what is to happen in relation to interest on money paid into court by defendants in accordance with Section 22 of the Administration of Justice Act.
The Attorney-GeneralAs indicated inJefford v. Gee, money which a defendant pays into court in satisfaction of the plaintiff's claim will carry interest only if the court orders it to be placed to a deposit account or to a short-term investment account.