The Government Stock (Consequential and Transitional Provision) (No. 2) Order 2004

National Debt (Stockholders Relief) Act 1892

7.—(1) The National Debt (Stockholders Relief) Act 1892(1) is amended as follows.

(2) In subsection (2) of section 2(2) (effect of, and time for, striking balance), for “Bank” there is substituted “Registrar of Government Stock”.

(3) In section 3 (infants), for “Bank” there is substituted “Registrar of Government Stock”.

(4) For section 8(3) (application to stocks transferable in books of Bank), there is substituted—

“Application to stocks transferable in registers kept by Registrar of Government Stock

8.   This Act shall apply to all stock for the time being transferable—

(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,

except so far as there is anything to the contrary in any Act under which the stock was created.”.

(5) Section 9(4) (meaning of Bank) is omitted.

(1)

1892 c. 39.

(2)

Section 2 was substituted, in relation to dividends for which the balance was struck on or after 21 March 1997, by the Finance Act 1997 (c. 16), section 108.

(3)

Section 8 was amended by the Finance Act 1942 (c. 21), section 47(2), Schedule 11, Part II.

(4)

Section 9 was amended by S.I. 2002/2521, article 10(2) and Schedule 2, Part I.