Part III Miscellaneous and General
Miscellaneous
183 Government securities: redemption and transfer.
(1)
In section 47 of the M1 Finance Act 1942 (power to makeregulations about transfer and registration of Government stock)—
(a)
“(bb)
for the redemption of such stock and bonds;”and
(b)
“(1A)
Regulations under subsection (1) of this section may make provisionauthorising the Bank of England, in such circumstances and subject to suchconditions as may be prescribed in the regulations, to transfer stock andbonds standing in their books in the name of a deceased person into the nameof another person without requiring the production of probate, confirmationor letters of administration.”
(2)
“(bb)
the redemption of stock registered in the register,”.
(3)
“14A Redemption of securities held in Issue Department of Bank of England.
(1)
Any securities of Her Majesty’s Government in the United Kingdom which arefor the time being held in the Issue Department of the Bank of England may beredeemed by the Treasury before maturity at market prices determined in suchmanner as may be agreed between the Treasury and the Bank.
(2)
Any expensess incurred by the Treasury in connection with the redemptionof securities under subsection (1) above shall be paid out of the NationalLoans Fund.”