(1)  In any action for the recovery of a debt or damages, the Court may order that there be included in the whole or part of the sum for which judgment is given interest of such rate, not exceeding the prescribed rate, as it thinks fit for the whole or any part of the period between the date when the cause of action arose and the date when judgment is entered.

(2)  Nothing in this section –

(a) authorizes the giving of interest on interest; or

(b) applies in relation to any debt upon which interest, is payable as of right, whether by virtue of an agreement or otherwise; or

(c) limits the operation of any other enactment or rule of law providing for the award of interest.