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NATIONAL DEBT ACT 1889

NATIONAL DEBT ACT 1889 - LONG TITLE

An Act to amend the Law relating to the National Debt.
[31st May 1889]
S.1 rep. by 1899 c.9 s.16. S.2 rep. by 1898 c.46 s.19. S.3 rep.
by SLR 1908; SLR 1950

NATIONAL DEBT ACT 1889 - SECT 4
Amendment of law as to payment of dividends on stock.

4.(1) The Banks of England and Ireland respectively may from time
to time, with the concurrence of the Treasury, make regulations for
the payment of dividends on stock either by sending warrants through
the post, or by payment through a banker, or by payment at a
country branch.

(2) Where a dividend warrant is sent by post in accordance with
any such regulations, the posting of the letter containing the
warrant, addressed in the manner prescribed by the regulations,
shall, as respects the liability of the Bank, be equivalent to the
delivery of the warrant to the stockholder.

Subs.(3)(5) rep. by SLR 1950

(6) This section shall apply to all stock of any company or
corporation, funds or annuities, transferable in the books of the
Bank of England or of Ireland [or in manner provided by regulations
made under section forty-seven of the Finance Act, 1942].

(7) This section shall be construed and have effect as part of the
National Debt Act, 1870.

NATIONAL DEBT ACT 1889 - SECT 5
Amendment of law as to signature of Treasury bills.

5. . . . Treasury bills shall bear the name of one of the
secretaries for the time being to the Treasury, and that name may
be impressed or affixed by machinery or otherwise in such manner as
the Treasury from time to time direct by regulations to be laid
before both Houses of Parliament.

S.6 rep. by SLR 1908

NATIONAL DEBT ACT 1889 - SECT 7
Short title.

7. This Act may be cited as the National Debt Act, 1889.

Schedule rep. by SLR 1908