1Increase in amounts disposable on death without representations.
1
In the enactments and instruments listed in Schedule 1 to this Act, of which—
a
those listed in Part I are enactments authorising the disposal of property on death, without the necessity for probate or other proof of title, to persons appearing to be beneficially entitled thereto, to relatives or dependants of the deceased or to other persons described in the enactments, but subject to a limit which is in most cases £100 and which does not in any case exceed £100;
b
those listed in Part II are enactments giving power to make rules or regulations containing corresponding provisions subject to a limit of £100 ; and
c
those listed in Part III are such rules and regulations as aforesaid and instruments containing corresponding provisions made under other enactments and containing a limit which does not in any case exceed £200 ;
the said limit shall, subject to the provisions of that Schedule, in each case be £500 instead of the limit specified in the enactment or instrument; and for references to the said limits in those enactments and instruments there shall accordingly be substituted references to £500.
2
In section 5(1) of the [1958 c. 6 (7 & 8 Eliz. 2.).] National Debt Act 1958 (which enables government stock of an amount not exceeding £100 to be transferred on the death of the holder from the books of the Bank of England or Bank of Ireland to the Post Office register) for the reference to £100 there shall be substituted a reference to £500.