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In force since 1991-02-02, as the publisher states.
Copy read on 2026-11-09. The page it was read from
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.
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35 provisions
Title and introductory text
Finance Act 1921
1921 c. 32
An Act to grant certain Duties of Customs and Inland Revenue (including Excise), to alter other Duties, and to amend the Law relating to Customs and Inland Revenue (including Excise), and the National Debt, and to make further provision in connection with Finance.
[4th August 1921]
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Propose a change45 Sinking fund with respect to Conversion Loan.
(1) For the purpose of establishing a sinking fund in connection with the three and one-half per cent. Conversion Loan redeemable in nineteen hundred and sixty-one, the Treasury shall issue out of the National Loans Fund, with recourse to the Consolidated Fund . . . as soon as may be after the close of every half-year (commencing with the half-year ending on the first day of April, nineteen hundred and twenty-two) during which the average daily price of the loan, as certified by the Bank of England, has been below ninety pounds per cent., a sum equal to not less than one per cent. of the amount of the loan outstanding at the close of that half-year.
(2) Sums issued . . . under this section shall be applied during the half-year in which they are issued in the purchase for cancellation of any securities forming part of the said loan.
(3) Any securities purchased under this section shall be cancelled in such manner as the Treasury think fit.
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Propose a change65 †Construction, short title, and repeal.
(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(2) This Act may be cited as the Finance Act 1921.
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Propose a changeFIRST, SECOND SCHEDULES . . .
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Propose a changeFOURTH AND FIFTH SCHEDULES . . .
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