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Duchy of Cornwall Management Act 1863
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15 Stocks purchased may be sold when Funds are required.U.K.
When and so often as it shall be necessary or expedient to raise any Sum of Money for any Purpose to which Monies to be received under the Authority of this Act [F1or the Duchy of Cornwall Management Act 1982] from any Sale, Disposal, or Enfranchisement of the Possessions of the said Duchy are hereby [F2or by the said Act of 1982] made applicable, it shall be lawful for the Duke of Cornwall from Time to Time to direct the Sale of all or any Part of the said Bank Annuities so to be purchased in the Name or to the Account of the Duchy of Cornwall as aforesaid, and the Monies produced by the Sale of such Bank Annuities shall be paid into the Bank of England, and be placed to the Credit of the Duchy of Cornwall, and shall be applied and disposed of in the same Manner and for the same Purposes as and considered in all respects as Part of the Monies to be received under the Authority of this Act for or in respect of any Sale for a gross Sum of Money of any of the Possessions of the said Duchy.
Textual Amendments
F1Words inserted by Duchy of Cornwall Management Act 1982 (c. 47, SIF 29:10), s. 10(2)(a)(iii)
F2Words inserted by Duchy of Cornwall Management Act 1982 (c. 47, SIF 29:10), s. 10(2)(b)
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