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NATIONAL DEBT (STOCKHOLDERS RELIEF) ACT 1892

NATIONAL DEBT (STOCKHOLDERS RELIEF) ACT 1892 - LONG TITLE

An Act to amend the National Debt Act, 1870.
[27th June 1892]
S.1 rep. by 1955 c.6 s.5(15) sch.2 Pt.III

NATIONAL DEBT (STOCKHOLDERS RELIEF) ACT 1892 - SECT 2
Date for striking balance.

2. The Bank may strike the balance for a dividend on stock on any
day not being more than thirty-seven days before the day on which
the dividend is payable, and any person who is on the day of the
balance being struck inscribed as a stockholder shall, as between
himself and any transferee of the stock, be entitled to the then
current half-year's or quarter's dividend thereon.

NATIONAL DEBT (STOCKHOLDERS RELIEF) ACT 1892 - SECT 3
Infants.

3. In the following cases, namely,

(a)Where an infant is the sole survivor in an account; and

(b)Where an infant holds stock jointly with a person under legal
disability; and

(c)Where stock has by mistake been bought in or transferred into
the sole name of an infant,

S.4 rep. by SLR 1950

NATIONAL DEBT (STOCKHOLDERS RELIEF) ACT 1892 - SECT 5
Power to hold stock on different accounts.

5. The Bank may in any register of stock allow any holder or
joint holders to have more than one account. Provided as follows:

(1)Each account must be distinguished by a number or by such other
designation as may be directed by the Bank;

(2)The Bank shall not be required to permit more than four accounts
to be opened in the same name or names; and

(3)Nothing in this section shall affect the Bank with notice of any
trust.

S.6 rep. by SLR 1950[

NATIONAL DEBT (STOCKHOLDERS RELIEF) ACT 1892 - SECT 7
Loss or destruction of stock or scrip certificate.

7.(1) In the event of the loss or destruction of a stock
certificate or scrip certificate, the Bank, before authorising the
issue of a duplicate, may require:

(a)Evidence to the satisfaction of the Bank of the loss or
destruction and ownership of the certificate; and

(b)A delay of not more than one year from the date of the loss
or destruction; and

(c)The advertisement of the loss or destruction in two or more
London or Dublin daily papers (as the case requires); and

(d)Either the transfer of a sum of stock, of a description approved
by the Governor or Deputy Governor of the Bank, equivalent to the
market value on the day of transfer of the lost or destroyed
certificate, and at least six and a half years dividends thereon,
into the joint names of the Governor and Deputy Governor, by way
of security; or the execution of a bond of indemnity in which the
owner shall be joined by one or more responsible persons.

(2) After the expiration of six years from the date of the
transfer of the stock, or of the execution of the indemnity, the
person interested may, having duly advertised the facts a second
time in two or more London or Dublin daily papers (as the case
requires) request the Bank to release the stock or to cancel the
indemnity, and, on such request being complied with, any other
claimant shall not have any claim against the Bank, but shall have
recourse against the person who obtained the duplicate certificate.]

NATIONAL DEBT (STOCKHOLDERS RELIEF) ACT 1892 - SECT 8
Application to stocks transferable in books of Bank.

8. This Act shall apply to all stock for the time being
transferable in the books of the Bank [or in manner provided by
regulations made under section forty-seven of the Finance Act, 1942],
except so far as there is anything to the contrary in any Act
under which the stock was created.

NATIONAL DEBT (STOCKHOLDERS RELIEF) ACT 1892 - SECT 9
Meaning of Bank.

9. In this Act the expression "Bank" means the Bank or England or
the Bank of Ireland, as the case may require.

NATIONAL DEBT (STOCKHOLDERS RELIEF) ACT 1892 - SECT 10
Short title and construction.

10. This Act may be cited as the National Debt (Stockholders
Relief) Act, 1892, and shall be read as one with the National Debt
Act, 1870.