General Loan and Stock Act
27. Mode of providing for payment of interest on stock
27. Mode of providing for payment of interest on stock
So long as any of the stock remains unredeemed, the Minister shall, in each half-year ending with the day on which the interest on the stock falls due, issue out of the Consolidated Fund a sum equal to one half-year’s interest on the whole of the stock, and shall remit that sum to the Crown Agents at such time as will enable them to pay thereout the then current half-year’s interest on the day when it falls due.[Act No. 21 of 1961, Sch., l.n. 303/1964.]Source: Kenya Law