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Part VU.K. Provisions for securing the Continuance of the Carrying on, under the Auspices of a Director of Savings in Place of the Postmaster General, of certain financial Business

Replacement of the Postmaster General by the Director of Savings for the Purposes of the National Debt Act 1958 and the National Loans Act 1968, and Provisions consequential thereonU.K.

108 The stock register kept under Part I of the National Debt Act 1958.U.K.

(1)

F1(a)in section 48 of the M1Finance (No. 2) Act 1915 (procedure on death of a person entitled to government stock), for the words “the Postmaster General” there shall be substituted the words “the Director of Savings” ;

(b)in sections 66 (transfer of government stock on authority of order of a court) and 67 (indemnity on transfer of government stock) of the M2Finance Act 1916, for the words “the Postmaster General” there shall be substituted the words “the Director of Savings” ;

(c). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F2

F3(d). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(e). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F4

(f)in section 1(4)(c) of the M3Stock Transfer Act 1963 (simplified transfer of securities), for the words “the Post Office register” there shall be substituted the words “the National Savings Stock Register”; and

(g)any reference to the Postmaster General in a nomination executed under regulations made, or having effect as if made, under section 2 of the M4National Debt Act 1958 shall be construed as referring to the Director of Savings.

(2)—(5). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F5

Textual Amendments

F2S. 108(1)(c) repealed by Finance Act 1981 (c. 26, SIF 96), s. 187, Sch. 17 Pt. XII and expressed to be repealed (20.7.1998) by S.I. 1998/1446, 30(2), Sch. 2 Pt. I

F4S. 108 (1)(e) repealed by National Debt Act 1972 (c. 65), s. 17, Sch.

F5Ss. 108(2)–(5), 110–112 repealed by National Debt Act 1972 (c. 65), s. 17, Sch.

Modifications etc. (not altering text)

C1The text of s. 108(1)(a)(b)(d)(f) is in the form in which it was originally enacted: it was not reproduced in Statutes in Force and does not reflect any amendments or repeals which may have been made prior to 1.2.1991.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