National Loans Act 1939 (c.117)
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Change 1
3 General provisions as to securities.
(1) Securities issued under this Act shall bear such rate of interest, and be subject to such conditions as to repayment, redemption and other matters (including provision for a sinking fund), as the Treasury may determine. (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (3) The principal of and interest on any securities issued under this Act, and any sums required to be set aside for the purpose of any sinking fund established under this Act, and any expenses incurred in connection with the raising of money or the issue or redemption of securities under this Act, shall be charged on and issued out of the National Loans Fund, with recourse to the Consolidated Fund. (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (6) The provisions of the Second Schedule to this Act shall have effect with respect to any securities issued under this Act.
3 General provisions as to securities.
(1) Securities issued under this Act shall bear such rate of interest, and be subject to such conditions as to repayment, redemption and other matters (including provision for a sinking fund), as the Treasury may determine. (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (3) The principal of and interest on any securities issued under this Act, and any sums required to be set aside for the purpose of any sinking fund established under this Act, and any expenses incurred in connection with the raising of money or the issue or redemption of securities under this Act, shall be charged on and issued out of the National Loans Fund, with recourse to the Consolidated Fund. (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (6) The provisions of the Second Schedule to this Act shall have effect with respect to any securities issued under this Act.
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