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(3) If and to the extent that the stock borrower does not return or cause to be returned to the lender before the expiration of the period of 3 months 6 months 12 months from the date of the stock borrowing equivalent stock the stock borrower shall pay to the Commissioners within 14 days after the expiration of that period the amount of ad valorem duty which would have been chargeable on the stock so obtained if this section had not been enacted and if any stock borrower fails to duly pay any sum which that borrower is liable to pay under this subsection, that sum, together with interest on that sum at the rate of 1 per cent per month or part of a month 0.0322 per cent for each day or part of a day from the first day interest on that sum, calculated in accordance with section 159D, after the expiration of that period of 3 months 6 months 12 months to the date of payment of that sum and payment of that sum and, by means of a penalty, , by means of further penalty, a sum equal to 1 per cent of the duty for each day the duty remains unpaid , shall be recoverable from the stock borrower as a debt due to the Minister for the benefit of the Central Fund.