Law

Finance Act 1916

United Kingdom · statute

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In force since 2013-07-17, 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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Contents: 34 provisions
  1. Title and introductory text
  2. 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
  3. 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
  4. 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
  5. 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
  6. 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
  7. 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
  8. 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
  9. 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
  10. 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
  11. 17 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
  12. 19 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
  13. 20 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
  14. 22 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
  15. 23 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
  16. 24 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
  17. 25 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
  18. 41 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
  19. 42 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
  20. 44 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
  21. 45 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
  22. 58 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
  23. 59 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
  24. 60 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
  25. 61 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
  26. 62 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
  27. 63 Exemption from taxation of municipal securities issued in America.
  28. 64 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
  29. 65 Lost or destroyed Exchequer bonds.
  30. 66 Transfer of stock on authority of order of a court.
  31. 67 Indemnity on transfer of Government stock.
  32. 68 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
  33. 69 Construction, repeal and short title.
  34. SCHEDULES 1, 2

Proposed changes to this act

No one has proposed a change to this act yet.

34 provisions

Title and introductory text

Finance Act 1916 1916 c.24 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 connexion with Finance. [19th July 1916]

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63 Exemption from taxation of municipal securities issued in America.

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64 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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65 Lost or destroyed Exchequer bonds.

Where the Registrar of Government Stock is satisfied that any Exchequer bond, or any other bond to bearer issued by or on behalf of the Treasury, or any coupon of any such bond has been lost or destroyed, he may, if he thinks fit, and on such conditions as he thinks fit, but subject to any general directions of the Treasury, issue a new bond or coupon on receiving indemnity to his satisfaction against the claims of all persons deriving title under the bond or coupon lost or destroyed.

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66 Transfer of stock on authority of order of a court.

Any order or decree of any court in the United Kingdom whereby the right to transfer or call for a transfer of any Government stock or to receive any dividends thereon is expressed to be vested in any person shall be sufficient authority to the Registrar of Government Stock, to the National Debt Commissioners, to the Director of Savings, and to any savings bank authority to allow the transfer of the stock or to pay the dividends in accordance with the order or decree. An official certified copy interlocutor of any such appointment as is mentioned in section thirteen of the Judicial Factors (Scotland) Act 1889, shall, where any Government stock is specified in such official certified copy interlocutor or in a certificate under seal by the accountant of court produced along with such certified copy interlocutor as belonging to or forming part of the estate under the charge of the person named in the certified copy interlocutor, be deemed for the purposes of this section to be a decree whereby the right to transfer such Government stock is vested in the person so named. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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67 Indemnity on transfer of Government stock.

Where any Government stock is transferred by virtue of section forty-eight of the Finance (No. 2) Act 1915, on the authority of any probate, confirmation, or letters of administration, or by virtue of this Act on the authority of any order or decree of any court, the Bank of England , the Registrar of Government Stock, any previous Registrar of Government Stock. . ., the National Debt Commissioners, the Director of Savings, the Operator of any relevant systemor the savings bank authority, as the case may be, shall be indemnified and protected, notwithstanding any defect or circumstance whatsoever affecting the validity of such probate, confirmation, or letters of administration, or of such order or decree and in this section “Operator” and “relevant system” have the same meanings as they have in the Uncertificated Securities Regulations 2001.

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68 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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69 Construction, repeal and short title.

(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (3) This Act may be cited as the Finance Act, 1916.

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SCHEDULES 1, 2

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