THE SOLICITOR FOR THE AFFAIRS OF HER MAJESTY'S TREASURY, as the Crown's Nominee for the purposes of collecting Bona Vacantia, and acting under the general direction of HM Treasury, hereby gives notice that from 6 April 2005 the interest rate used for the calculation of interest payable when accounting to kin will be the Bank of England's Base Rate minus 10 points (the Rate). The Rate will apply retrospectively and will be used for calculating simple interest due on all claims admitted after 6 April 2005. In accordance with current practice interest will be applied from the date the Treasury Solicitor completes the administration of the estate to the date of payment providing that the claim is received within 12 years of the date of death. Claims received after that time but up to 30 years from date of the death will be dealt with at the Treasury Solicitor's discretion but no interest will be paid as these claims are statute barred.
This notice also appeared in the Times Newspaper on the 3rd January 2005.