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  "title": "Interest Act 1839",
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  "text": "Page 1 of 2 \r\n \r\n \r\n \r\n \r\n  \r\nTHE INTEREST ACT, 1839 \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\nCONTENTS \r\nPREAMBLE \r\n1. Power of Court to allow interest   \r\n \r\n\r\n \r\nPage 2 of 2 \r\n \r\n1[THE INTEREST ACT, 1839] \r\n2ACT NO. XXXII OF 1839 \r\n[30th December, 1839] \r\nAn Act concerning the allowance of Interest in certain Cases \r\nPreamble. WHEREAS it is expedient to extend to the territories under the Government of \r\nthe East India Company, as well within the jurisdiction of Her Majesty's Courts as elsewhere, the \r\nprovisions of the 3Statute 3 rd and 4th William IV, chapter 42  (3 & 4 will.4,0, c.42.) , section 28, \r\nconcerning the allowance of interest in certain­cases; \r\n1. Power of Court to allow interest.  It is, therefore, hereby enacted that, upon all debts \r\nor sums certain payable at a certain time or otherwise, the Court before which such debts or sums may \r\nbe recovered may, if it  shall think fit, allow interest to the creditor at a rate not exceeding the current  \r\nrate of interest from the time when such debts or sums certain were payable, if suc h debts or sums be \r\npayable by virtue of some written instrument at a certain time ; or if payable otherwise, then from the \r\ntime when demand of payment shall have been made in writing, so as such demand shall give notice \r\nto the debtor that interest will be claimed from the date of such demand until the term of payment : \r\nprovided that interest shall be payable in all cases in which it is now payable by law. \r\n \r\n_______ \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n1Short title given by the Short Titles Act, 1897 (14 of 1897). \r\n2This Act has been declared to be in force in all the Provinces and the Capital of the Federation, except the Scheduled Districts, by the Laws Local Extent \r\nAct, 1874 (15 of 1874), s. 3. It has been declared by notification under s. 3(a) of the Scheduled Dis tricts, Act, 1874 (14 of 1874) to be in force in the \r\nfollowing Scheduled Districts namely:__ \r\nSind see Gazette of India, 1880, Pt. I, p. 672. \r\nThe Districts of Hazara, Peshawar, Kohat, Bannu, Dera Ismail Khan and Dera Ghazi Khan. (Portions of the Districts of Hazara, Bannu, Dera Ismail Khan \r\nand Dera Ghazi Khan and the Districts of Peshawar and Kohat now form the N.W.F.P.), see Gazette of India, 1901, Pt.I,p. 857 and ibid., 1902, Pt. I, p. \r\n575; but its application has been barred in that part of the Hazara District known as Upper Tanawal by the Hazara (Upper Tanawal) Regulation, 1900 (2 \r\nof 1900),s . 3, see Gazette of India, 1886, Pt. I, p. 48. \r\n3Short title, “The Civil Procedure Act, 1833” see the Short Titles Act, 1896 (59 & 60 Vict., c. 14).",
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