Cap. 575 Art. 69Cessation of liability to pay interest.

(1) Where an amount has become payable on any date as interest due on any debt security or any debt instruments on which demand could lawfully have been made, no interest on that amount shall, after that date, be paid or payable by the Government to any other person in any circumstances.

(2) No person shall be entitled to claim interest on any government security or any debt instrument issued under this Act in respect of any period which has elapsed after the earliest date on which demand could lawfully have been made for the payment of the principal amount due on such securities or debt instruments.