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Statutes of Northern Ireland |
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You are here: BAILII >> Databases >> Statutes of Northern Ireland >> URL: http://www.bailii.org/nie/legis/num_act/ndra1866226.txt |
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NATIONAL DEBT REDUCTION ACT 1866 NATIONAL DEBT REDUCTION ACT 1866 - LONG TITLE An Act for the Cancellation of certain Capital Stocks of Annuities standing in the Names of the Commissioners for the Reduction of the National Debt. [23rd March 1866] Preamble rep. by SLR 1893 NATIONAL DEBT REDUCTION ACT 1866 - SECT 1 Short title. 1. This Act may be cited for all purposes as "The National Debt Reduction Act, 1866." S.2 rep. by SLR 1870. S.3 rep. by 1955 c.6 (4 Eliz.2) s.5(15) sch.2 Pt.III. Ss.4, 5 rep. by SLR 1875 NATIONAL DEBT REDUCTION ACT 1866 - SECT 6 Provision for cancelling future annuities purchased by the application of donations or bequests. 6. In all future cases of purchases of capital stocks of annuities by the application of donations and bequests monies, unless it is otherwise expressly provided in every such donation or bequest respectively, such annuities shall be at once cancelled by the Bank of England, on a direction from the Commissioners for the Reduction of the National Debt, signified in writing under the hand of the Comptroller General or Assistant Comptroller for the time being of the National Debt Office.
