SCHEDULES
SCHEDULE 1 SPECIFIED SECURITIES C1
1
1
Securities issued by Her Majesty’s Government in the United Kingdom or the Government of Northern Ireland, not being excluded securities.
2
In sub-paragraph (1) above “excluded securities” means—
a
securities in respect of which a stock certificate issued under Part V of the M1National Debt Act 1870 is for the time being outstanding;
b
any other bearer securities; and
c
any securities for the time being registered on the National Savings Stock Register.
2
Securities the payment of interest on which is guaranteed by Her Majesty’s Government in the United Kingdom or the Government of Northern Ireland.
3
Securities issued in the United Kingdom by any public authority or nationalised industry or undertaking in the United Kingdom.
4
1
Securities issued in the United Kingdom by the government of any overseas territory, being securities registered in the United Kingdom.
2
The reference in sub-paragraph (1) above to the government of an overseas territory shall be construed as if it occurred in Part III of the M5Overseas Development and Co-operation Act 1980.
5
Securities issued in the United Kingdom by the International Bank for Reconstruction and Development, the Inter-American Development Bank, the European Investment Bank or the European Coal and Steel Community being, in each case, securities registered in the United Kingdom.
F1Securities issued in the United Kingdom by the African Development Bank, the Asian Development Bank, Caisse Centrale de Coopération Economique, Crédit Foncier de France, Electricité de France (E.D.F.), Service National or Hydro-Québec, being, in each case, securities registered in the United Kingdom.
6
1
Debentures issued by the Agricultural Mortgage Corporation PLC, the Commonwealth Development Finance Company Limited, Finance for Industry Public Limited Company or the Scottish Agricultural Securities Corporation Limited.
2
In sub-paragraph (1) above “debentures” includes debenture stock and bonds, whether constituting a charge on assets or not, and loan stock or notes.
C37
1
Securities issued by—
a
any local authority in the United Kingdom;
b
any authority all or the majority of the members of which are appointed or elected by one or more local authorities in the United Kingdom;
F7bb
the Service Authority for the National Criminal Intelligence Service or the Service Authority for the National Crime Squad; or
c
the Receiver for the Metropolitan Police District.
2
In sub-paragraph (1) above “local authority” means—
C4C5a
any of the following authorities in England and Wales, namely, a county council . . . F8, a district council, a London borough council, the Common Council of the City of London F9 . . . F10 a joint authority established by Part IV of the Local Government Act 1985 or the Council of the Isles of Scilly;
F11b
any council constituted under section 2 of the Local Government etc. (Scotland) Act 1994
c
a council, within the meaning of the M6Local Government Act (Northern Ireland) 1972;
and any reference to a security issued by a local authority includes a reference to a security the liability for which is for the time being vested in a local authority (being a security issued by an authority which has ceased to exist).
C2SCHEDULE 2 CONSEQUENTIAL AMENDMENTS
The text of Schedule 2 is in the form in which it was originally enacted : it was not reproduced in Statutes in Force and, except as specified, does reflect any amendments or repeals which may have been made prior to 1.2.1991.
M2Forged Transfers Act 1891
1
1
In subsection (1) of section 1 of the Forged Transfers Act 1891 (power for companies and local authorities to make compensation for losses arising from forged transfers)—
a
after the words “transferable by an instrument in writing” there shall be inserted the words “
or by an exempt transfer, within the meaning of the Stock Transfer Act 1982
”
; and
b
for the words “forged transfer” there shall be substituted the words “
forged instrument
”
; and
c
for the words “transfer or power” there shall be substituted the words “
instrument or power
”
.
2
At the end of that subsection there shall be added the following subsection :—
1A
in subsection (1) above “instrument” has the same meaning as in Part I of the Forgery and Counterfeiting Act 1981.
M3Finance Act 1942
2
In subsection (1) of section 47 of the Finance Act 1942 (Treasury regulations governing the transfer and registration of Government stock)—
a
in paragraph (a), after the words “by instruments in writing” there shall be inserted the words “
or otherwise
”
; and
b
in paragraph (c), after the word “issue” there shall be inserted the words “
except in such cases as appear to the Treasury to be appropriate
”
.
3
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F2
4
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F3
M4Colonial Stock Act 1948
1948 c. 1. (12, 13 & 14 Geo. 6.).
6
1
In subsection (1) of section 1 of the Colonial Stock Act 1948 (stock may be made transferable in writing) for the words “and in no other manner” there shall be substituted the words “or by an exempt transfer within the meaning of the Stock Transfer Act 1982, but in no other manner”.
2
In subsection (2) of that section, after the words “passing of this Act”, in each place where they occur, there shall be inserted the words “or the Stock Transfer Act 1982”.
7
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F4
Sch. 1 amended (further specified securities added) by S.I. 1991/340, art.2 Sch.