5 Continuance of existing permanent funded debt on existing terms.U.K.
The perpetual annuities described in the first schedule to this Act, to the respective amounts thereof subsisting at the passing of this Act, and the several capital sums in respect whereof those several annuities are payable, do and shall form part of the National Debt, . . . F1
All the annuities aforesaid shall respectively continue redeemable by Parliament . . . F1, at the rate of one hundred pounds sterling for every one hundred pounds of the capital sums in respect whereof they are payable . . . F2
Textual Amendments
F1Words repealed by Statute Law Revision Act 1950 (c. 6)
F2Words repealed by Finance Act 1942 (c. 21), Sch. II, Pt. III
Modifications etc. (not altering text)
C1S. 5 excluded in part (26.3.2015) by Finance Act 2015 (c. 11), s. 124(4)(a)(7)