SCHEDULES

C1C2SCHEDULE 1 Investments and Investment Business

Annotations:
Modifications etc. (not altering text)

Part I Investments

Debentures

C3C42

Debentures, including debenture stock, loan stock, bonds, certificates of deposit and other instruments creating or acknowledging indebtedness, not being instruments falling within paragraph 3 below.

Note. This paragraph shall not be construed as applying—

a

to any instrument acknowledging or creating indebtedness for, or for money borrowed to defray, the consideration payable under a contract for the supply of goods or services;

b

to a cheque or other bill of exchange, a banker’s draft or a letter of credit; or

c

to a banknote, a statement showing a balance in a current, deposit or savings account or (by reason of any financial obligation contained in it) to a lease or other disposition of property, a heritable security or an insurance policy.