COLONIAL STOCK ACT 1877

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COLONIAL STOCK ACT 1877 - SECT 1



1. Where provision has been made by the legislature of a colony and otherwise
for the inscription and transfer in a register kept in the United Kingdom by
some bank, colonial officer, or person (which bank, officer or person is in
this Act referred to as the registrar) of any stock forming the whole or part
of the public debt of such colony, and the government of such colony cause a
declaration under the seal of such colony, or by some person in that behalf
authorised under that seal, stating such provision, and identifying the stock
with respect to which it has been made, to be left with the Commissioners of
Inland Revenue, those Commissioners, upon payment of the proper fee, shall
record the same; and such record and declaration shall be open to inspection
at all reasonable times, in manner directed by the said Commissioners, upon
payment of the proper fee.

Upon such declaration being recorded, this Act shall apply to the stock
specified in the declaration, and this Act shall not apply to any
colonial stock not specified in a declaration recorded as provided by this
section.

The proper fee for the purposes of this section shall be such fee not
exceeding, in the case of recording a declaration, five pounds, and in the
case of inspection [25p], as the ... Treasury from time to time fix, and shall
be paid into the Exchequer.

S.2 rep. by 1891 c.39 s.123 sch.3

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Northern Irish Legislation

COLONIAL STOCK ACT 1877 - SECT 1