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Statutes of Northern Ireland


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URL: http://www.bailii.org/nie/legis/num_act/aafpai1964553.txt

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ADMINISTRATIVE AND FINANCIAL PROVISIONS ACT (NORTHERN IRELAND) 1964

ADMINISTRATIVE AND FINANCIAL PROVISIONS ACT (NORTHERN IRELAND) 1964 -
LONG TITLE

An Act to authorise increases in certain charges upon the
Consolidated Fund; to make further provision as to the salary of
the Comptroller and Auditor-General; to empower the making of
regulations with respect to certain securities; to authorise the
erection of signs in relation to ancient monuments; to extend the
purposes for which agricultural development loans may be made; to
amend section 28 of and Schedule 2 to the National Assistance Act
(Northern Ireland) 1948; to extend the purposes for which grants may
be made to welfare authorities; to amend section 2 of the Youth
Welfare, Physical Training and Recreation Act (Northern Ireland) 1962;
to amend section 16 of the Administrative and Financial Provisions
Act (Northern Ireland) 1962; and for purposes connected with those
matters.
[3rd March 1964]
S.1 rep. by 1971 c.6 (NI) s.9(3) sch.3. S.2 rep. by 1973 NI 14
art.6(2) sch.2

ADMINISTRATIVE AND FINANCIAL PROVISIONS ACT (NORTHERN IRELAND) 1964 -
SECT 3
Power of Ministry of Finance to make regulations with respect to
certain securities.

3.(1) Where the Ministry of Finance (in this section referred to as
"the Ministry") in exercise of the power conferred on it by section
11(1)(c) of the Exchequer and Financial Provisions Act (Northern
Ireland) 1950 by order creates, or has by order created, any
security to which this section applies, the Ministry may by
regulations make provision for such matters relating to the
administration of that security as to the Ministry may appear
proper.

(2) Without prejudice to the generality of subsection (1),
regulations made thereunder may make provision for any matter for
which provision may be made by the Treasury of the United Kingdom
under section 12 of the National Debt Act 1958 as respects money
raised through the Post Office.

(3) Regulations made under subsection (1) with respect to any
security issued prior to the commencement of this Act may amend any
provision of the order by which that security was created other
than a provision prescribing the rate of interest, terms of issue,
or terms of redemption or repayment of that security.

(4) Regulations made under sub-section (1) may contain a provision
directing that all or any of those regulations shall, with such
modifications as appear necessary or expedient, apply and be deemed
always to have applied as respects any securities specified in the
regulations which were issued before the date on which the
regulations come into force as they apply to securities issued after
that date.

(5) This section applies to any non-transferable security (except
Ulster Savings Certificates) the register of which is maintained only
by the Ministry, and for the purposes of this subsection a security
which may be transferred only with the consent of the Ministry is
a non-transferable security.

(6) Regulations made under subsection (1) shall be subject to
negative resolution.

S.4 rep. by 1971 c.17 (NI) s.30 sch.4. S.5 rep. by 1968 c.21 (NI)
s.9(1) sch.2. S.6 rep. by 1966 c.28 (NI) s.42(3) sch.7. S.7 rep.
by 1971 c.2 (NI) s.47 sch.4. S.8 spent. Ss.9, 10 rep. by SLR 1976

ADMINISTRATIVE AND FINANCIAL PROVISIONS ACT (NORTHERN IRELAND) 1964 -
SECT 11
Short title.

11. This Act may be cited as the Administrative and Financial
Provisions Act (Northern Ireland) 1964.

Schedules 1, 2 rep. by 1965 c.12 (NI) s.1(3); 1966 c.22 (NI)
s.1(2); 1966 c.36 (NI) s.13 sch.4; 1967 c.1 (NI) s.3(2) sch.3; 1968
c.25 (NI) s.8(2) sch.4; 1971 c.6 (NI) s.9(3) sch.3. Schedule
3Repeals


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URL: http://www.bailii.org/nie/legis/num_act/aafpai1964553.txt