[F1( 1 )The Treasury may from time to time make regulations for the payment of dividends on stock either by sending warrants through the post or by payment through a banker.]
(2)Where a dividend warrant is sent by post in accordance with any such regulations, the posting of the letter containing the warrant, addressed in the manner prescribed by the regulations, shall, as respects the liability of the Bank[F2, the Registrar of Government Stock or any previous Registrar of Government Stock], be equivalent to the delivery of the warrant to the stockholder.
(3)–(5). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F3
(6)This section shall apply to all stock of any company or corporation, funds or annuities, transferable
[F4(a)in the registers kept by the Registrar of Government Stock in accordance with regulations under section 47 of the Finance Act 1942 (see regulation 7 of the Government Stock Regulations 2004), or
(b)in manner provided by those regulations].
(7)This section shall be construed and have effect as part of the M1National Debt Act 1870.
Textual Amendments
F1S. 4(1) substituted (1.7.2004) by The Government Stock (Consequential and Transitional Provision) (No. 2) Order 2004 (S.I. 2004/1662), art. 1, Sch. paras. 1, 5(2) (with art. 3)
F2Words in s. 4(2) inserted (1.7.2004) by The Government Stock (Consequential and Transitional Provision) (No. 2) Order 2004 (S.I. 2004/1662), art. 1, Sch. paras. 1, 5(3) (with art. 3)
F3Ss. 3, 4(3)–(5) repealed by Statute Law Revision Act 1950 (c. 6)
F4S. 4(6)(a)(b) substituted for words (1.7.2004) by The Government Stock (Consequential and Transitional Provision) (No. 2) Order 2004 (S.I. 2004/1662), art. 1, Sch. paras. 1, 5(4) (with art. 3)
Modifications etc. (not altering text)
C1S.4(1)(2) extended retrospectively by East India Loans Act 1937 (c. 14), s. 2(4)
Marginal Citations