National Loans Act 1968

8 Government annuities. U.K.

(1) All immediate life annuities mentioned in section 8(1) of the M1 Government Annuities Act 1929, and all immediate savings bank annuities, shall be charged on and issued out of the National Loans Fund, with recourse to the Consolidated Fund.

(2) Accordingly in the said Act,—

(a) in sections 8(1), 19 and 24(3) in Part I, and

(b) in sections 41(1)(3), 55 and 59(3) in Part II,

for “Consolidated Fund” there shall be substituted “ National Loans Fund ”.

Modifications etc. (not altering text)

C1 The text of ss. 1(5), 8(2), 13(5), 17(1), 24(2) and Sch. 6 is in the form in which it was originally enacted: it was not reproduced in Statutes in Force and does not reflect any amendments or repeals which may have been made prior to 1.2.1991.

Marginal Citations

M1 1929 c. 29.