Part I

Preliminary

1 Short title.

This Act may be cited as “The National Debt Act 1870.”

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3 Interpretation of terms.

In this Act—

  • F2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

  • “Stock” means the several capital or joint stocks of perpetual annuities described in the first schedule to this Act, and includes any share or interest therein respectively:

F3“Stockholder” means a person holding stock, being entered as such in—

  1. (a)

    F4a register kept by the Registrar of Government Stock in accordance with regulations under section 47 of the Finance Act 1942 (see regulation 7 of the Government Stock Regulations 2004); or

  2. (b)

    a register kept by the Operator of a relevant system under the Uncertificated Securities Regulations 2001 (and “Operator” and “relevant system” shall have the same meanings as they have in those Regulations):

“Warrant” includes draft, order, cheque, or other document used as a medium for payment of dividends:

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F5......

“The Consolidated Fund” means the consolidated fund of the United Kingdom of Great Britain and Ireland:

“The Court of Chancery” means the Court of Chancery in England or the Court of Chancery in Ireland as the case requires:

“Person” includes corporation:

F6“the Registrar of Government Stock” means the person or persons appointed in accordance with regulations under section 47(1)(b) of the Finance Act 1942 (see regulation 3 of the Government Stock Regulations 2004):

“Representatives” means executors, administrators, or successors and assigns.

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