National Loans Act 1939 (c.117) (c. 117)

1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F1 U.K.

Textual Amendments

F1 S. 1 repealed by National Loans Act 1968 (c. 13), Sch. 6 Pt. I

2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F2 U.K.

Textual Amendments

F2 S. 2 repealed by National Loans Act 1968 (c. 13), s. 14(10), Sch. 6 Pt. I

3 General provisions as to securities. U.K.

(1) Securities issued under this Act shall bear such rate of interest, and be subject to such conditions as to repayment, redemption and other matters (including provision for a sinking fund), as the Treasury may determine.

(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F3

(3) The principal of and interest on any securities issued under this Act, and any sums required to be set aside for the purpose of any sinking fund established under this Act, and any expenses incurred in connection with the raising of money or the issue or redemption of securities under this Act, shall be charged on and issued out of [F4 the National Loans Fund, with recourse to] the Consolidated Fund.

(4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F5

(5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F6

(6) The provisions of the Second Schedule to this Act shall have effect with respect to any securities issued under this Act.

Textual Amendments

F3 S. 3(2) repealed by National Loans Act 1968 (c. 13), Sch. 6 Pt. I

F4 Words inserted by National Loans Act 1968 (c. 13), Sch. 5

F5 S. 3(4) repealed by Finance Act 1954 (2 & 3 Eliz. 2 c. 44), Sch. 6

F6 S. 3(5) repealed by National Loans Act 1968 (c. 13), Sch. 6 Pt. I

4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F7 U.K.

Textual Amendments

F7 S. 4 repealed by National Loans Act 1968 (c. 13), s. 13(5), Sch. 6 Pt. I, but not so as to invalidate anything done before 1.4.1968

5 X1 †Short title, construction, extent and repeals. U.K.

(1) This Act may be cited as the National Loans Act 1939.

(2) Any reference in this Act to any other enactment shall be construed, unless the context otherwise requires, as a reference to that enactment as amended by any subsequent enactment.

(3) It is hereby declared that this Act extends to Northern Ireland.

(4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F8

Editorial Information

X1 Unreliable marginal note.

Textual Amendments

F8 S. 5(4) repealed by Statute Law Revision Act 1950 (c. 6)