National Loans Act 1968
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Change 1
SCHEDULE 5 National Debt : Consequential Amendments
Section 13. Bank of England Act 1861 (1861 c. 3) In section 5 (issues out of Consolidated Fund to meet dividends) for “Consolidated Fund” read “National Loans Fund”. National Debt Act 1870 (1870 c. 71) In section 6 (charge of stock on Consolidated Fund) after “payable out of” insert “ National Loans Fund with recourse to ”. In sections 12 and 14 (issue of money to pay dividends) for “consolidated fund” read “National Loand Fund”. Treasury Bills Act 1877 (1877 c. 2) In section 5 (charge of Treasury bills on Consolidated Fund) after “payable out of” insert “ the National Loans Fund with recourse to ”. Revenue, Friendly Societies and National Debt Act 1882 (1882 c. 72) In section 18 (fractions of a penny on National Debt dividends) for “Exchequer” (before the proviso) read “National Loans Fund”. National Debt (Conversion of Stock) Act 1884 (1884 c. 23) In section 1(5) (charge of 2¾ per cent. stock on Consolidated Fund) after “charged on” insert “ the National Loans Fund with recourse to ”. National Debt (Conversion) Act 1888 (1888 c. 2) In section 2(5) (charge of dividends on new stock on Consolidated Fund) after “charged on” insert “ the National Loans Fund with recourse to ” . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Finance Act 1921 (1921 c. 32) In section 45(1) (sinking fund for Conversion Loan payable out of Consolidated Fund) after “issued out of” insert “ the National Loans Fund, with recourse to ” . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . National Loans Act 1939 (1939 c. 117) In section 3(3) (charge of securities under the Act on Consolidated Fund) after “issued out of” insert “ the National Loans Fund with recourse to ” Bank of England Act 1946 (1946 c. 27) In paragraph 1 of Schedule 2 (charge of government stock on Consolidated Fund) after “issued out of” insert “ the National Loans Fund with recourse to ”. Coal Industry Nationalisation Act 1946 (1946 c. 59) ... Cable and Wireless Act 1946 (1946 c. 82) ... Miscellaneous Financial Provisions Act 1955 (1955 c.6—4 & 5 Eliz. 2.) In section 5(9) (account to meet unclaimed dividends : payment out of Consolidated Fund and application of excess in redemption of debt) for “Consolidated Fund” read “National Loans Fund” and for the words from “applied in such manner” to the end of the subsection read “paid into the National Loans Fund”. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
SCHEDULE 5 National Debt : Consequential Amendments
Section 13. Bank of England Act 1861 (1861 c. 3) In section 5 (issues out of Consolidated Fund to meet dividends) for “Consolidated Fund” read “National Loans Fund”. National Debt Act 1870 (1870 c. 71) In section 6 (charge of stock on Consolidated Fund) after “payable out of” insert “ National Loans Fund with recourse to ”. In sections 12 and 14 (issue of money to pay dividends) for “consolidated fund” read “National Loand Fund”. Treasury Bills Act 1877 (1877 c. 2) In section 5 (charge of Treasury bills on Consolidated Fund) after “payable out of” insert “ the National Loans Fund with recourse to ”. Revenue, Friendly Societies and National Debt Act 1882 (1882 c. 72) In section 18 (fractions of a penny on National Debt dividends) for “Exchequer” (before the proviso) read “National Loans Fund”. National Debt (Conversion of Stock) Act 1884 (1884 c. 23) In section 1(5) (charge of 2¾ per cent. stock on Consolidated Fund) after “charged on” insert “ the National Loans Fund with recourse to ”. National Debt (Conversion) Act 1888 (1888 c. 2) In section 2(5) (charge of dividends on new stock on Consolidated Fund) after “charged on” insert “ the National Loans Fund with recourse to ” . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Finance Act 1921 (1921 c. 32) In section 45(1) (sinking fund for Conversion Loan payable out of Consolidated Fund) after “issued out of” insert “ the National Loans Fund, with recourse to ” . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . National Loans Act 1939 (1939 c. 117) In section 3(3) (charge of securities under the Act on Consolidated Fund) after “issued out of” insert “ the National Loans Fund with recourse to ” Bank of England Act 1946 (1946 c. 27) In paragraph 1 of Schedule 2 (charge of government stock on Consolidated Fund) after “issued out of” insert “ the National Loans Fund with recourse to ”. Coal Industry Nationalisation Act 1946 (1946 c. 59) ... Cable and Wireless Act 1946 (1946 c. 82) ... Miscellaneous Financial Provisions Act 1955 (1955 c.6—4 & 5 Eliz. 2.) In section 5(9) (account to meet unclaimed dividends : payment out of Consolidated Fund and application of excess in redemption of debt) for “Consolidated Fund” read “National Loans Fund” and for the words from “applied in such manner” to the end of the subsection read “paid into the National Loans Fund”. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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