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National Debt Act 1870
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Changes over time for: Part III
Version Superseded: 15/11/2004
Alternative versions:
- 01/02/1991- Amendment
- 28/10/2002- Amendment
- 01/07/2004- Amendment
- 01/07/2004
Point in time - 15/11/2004- Amendment
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Point in time view as at 01/07/2004.
Changes to legislation:
There are currently no known outstanding effects for the National Debt Act 1870, Part III.
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Part IIIU.K.
Payment of DividendsU.K.
12 Money for payment to be issuable.U.K.
Sufficient money to pay the dividends on all stock, with the charges attending the same, shall continue to be from time to time issuable for that purpose out of the [F1National Loans Fund].
Textual Amendments
F1Words substituted by National Loans Act 1968 (c. 13), Sch. 5
[F213 Registrar of Government Stock to employ suitably qualified persons U.K.
Until all stock is redeemed, the Registrar of Government Stock must employ suitably qualified persons to administer the payment of the dividends on stock.]
Textual Amendments
F2S. 13 substituted (1.7.2004) by The Government Stock (Consequential and Transitional Provision) (No. 2) Order 2004 (S.I. 2004/1662), art. 1, Sch. paras. 1, 3(3) (with art. 3)
14 Issue by Treasury.U.K.
The money from time to time and at any time issuable out of the [F3National Loans Fund] and by this Act made applicable to the payment of the dividends on stock, shall, by order of the Treasury, without other warrant, from time to time be issued and paid to the [F4Registrar of Government Stock] F5... on account for the payment of those dividends.
Textual Amendments
F3Words substituted by National Loans Act 1968 (c. 13), Sch. 5
F4Words in s. 14 substituted (1.7.2004) by The Government Stock (Consequential and Transitional Provision) (No. 2) Order 2004 (S.I. 2004/1662), art. 1, Sch. paras. 1, 3(4)(a) (with art. 3)
F5Words in s. 14 omitted (1.7.2004) by virtue of The Government Stock (Consequential and Transitional Provision) (No. 2) Order 2004 (S.I. 2004/1662), art. 1, Sch. paras. 1, 3(4)(b) (with art. 3)
Modifications etc. (not altering text)
C1S. 14 modified (29.4.1996) by 1988 c. 1, s. 118E(2)(a) (as inserted (29.4.1996) by 1996 c. 8, s. 156, Sch. 29 Pt. I para. 1)
[F615 Application of issues by Registrar of Government StockU.K.
The Registrar of Government Stock shall without delay apply the money from time to time so issued to him in payment of the dividends on stock.]
Textual Amendments
F6S. 15 substituted (1.7.2004) by The Government Stock (Consequential and Transitional Provision) (No. 2) Order 2004 (S.I. 2004/1662), art. 1, Sch. paras. 1, 3(5) (with art. 3)
[F716 Accounting by Registrar of Government StockU.K.
The Registrar of Government Stock shall from time to time render his accounts relating to the money issued to him for the payment of the dividends on stock and those accounts shall be audited, as the Treasury from time to time direct, but the Treasury may, if they think fit, dispense with such audit.]
Textual Amendments
F7S. 16 substituted (1.7.2004) by The Government Stock (Consequential and Transitional Provision) (No. 2) Order 2004 (S.I. 2004/1662), art. 1, Sch. paras. 1, 3(6) (with art. 3)
17. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F8U.K.
Textual Amendments
F8Ss. 7 - 10, 17 repealed by Statute Law Revision Act 1950 (c. 6)
18. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F9U.K.
Textual Amendments
F9S. 18 repealed by Statute Law Revision Act 1966 (c. 5)
19. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F10U.K.
Textual Amendments
F10S. 19 repealed by Statute Law Revision Act 1950 (c. 6)
20–21. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F11U.K.
Textual Amendments
F11Ss. 20, 21 repealed by National Debt Act 1889 (c. 6), s. 6
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