Post Office Act 1969

Replacement of the Postmaster General by the Director of Savings for the Purposes of the National Debt Act 1958 and the National Loans Act 1968, and Provisions consequential thereon U.K.

108 The stock register kept under Part I of the National Debt Act 1958. U.K.

(1)

F1 (a) in section 48 of the M1 Finance (No. 2) Act 1915 (procedure on death of a person entitled to government stock), for the words “the Postmaster General” there shall be substituted the words “the Director of Savings” ;

(b) in sections 66 (transfer of government stock on authority of order of a court) and 67 (indemnity on transfer of government stock) of the M2 Finance Act 1916, for the words “the Postmaster General” there shall be substituted the words “the Director of Savings” ;

(c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F2

(d) in section 47(4)(c) of the M3 Finance Act 1942 (transfer and registration of government stock), for the words “the Post Office register established under the M4 War Loan (Supplemental Provisions) Act 1915”, there shall be substituted the words “the National Savings Stock Register”;

(e) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F3

(f) in section 1(4)(c) of the M5 Stock Transfer Act 1963 (simplified transfer of securities), for the words “the Post Office register” there shall be substituted the words “the National Savings Stock Register”; and

(g) any reference to the Postmaster General in a nomination executed under regulations made, or having effect as if made, under section 2 of the M6 National Debt Act 1958 shall be construed as referring to the Director of Savings.

(2)—(5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F4

Textual Amendments

F1 Words repealed by National Debt Act 1972 (c. 65), s. 17, Sch.

F2 S. 108(1)(c) repealed by Finance Act 1981 (c. 26, SIF 96), s. 187, Sch. 17 Pt. XII and expressed to be repealed (20.7.1998) by S.I. 1998/1446, 30(2), Sch. 2 Pt. I

F3 S. 108 (1)(e) repealed by National Debt Act 1972 (c. 65), s. 17, Sch.

F4 Ss. 108(2)–(5), 110–112 repealed by National Debt Act 1972 (c. 65), s. 17, Sch.

Modifications etc. (not altering text)

C1 The text of s. 108(1)(a)(b)(d)(f) is in the form in which it was originally enacted: it was not reproduced in Statutes in Force and does not reflect any amendments or repeals which may have been made prior to 1.2.1991.

Marginal Citations

M1 1915 c. 89.

M2 1916 c. 24.

M3 1942 c. 21.

M4 1915 c. 93.

M5 1963 c. 18.

M6 1958 c. 6 (7 & 8 Eliz. 2).

109 Power of the Treasury to raise money under the auspices of the Director of Savings. U.K.

The power conferred by section 12 of the M7 National Loans Act 1968 on the Treasury to raise money shall extend to raising money under the auspices of the Director of Savings and, in particular, by the issue, under his auspices, of national savings certificates; F5

Textual Amendments

F5 Words repealed by Income and Corporation Taxes Act 1970 (c. 10), ss. 537(1), 539, Sch. 16

Marginal Citations

M7 1968 c. 13.

110—112. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F6 U.K.

Textual Amendments

F6 Ss. 108(2)–(5), 110–112 repealed by National Debt Act 1972 (c. 65), s. 17, Sch.