5 Payment of proceeds of Treasury bill into Exchequer, and charge of bill on Consolidated Fund. U.K.

. . . F1

The principal money of and interest on any Treasury bill shall be charged on and payable out of [F2 the National Loans Fund with recourse to] the Consolidated Fund of the United Kingdom, . . . F3 , at the time and in the manner prescribed.

Textual Amendments

F1 Words repealed by National Loans Act 1968 (c. 13), Sch. 6 Pt. I

F2 Words inserted by National Loans Fund Act 1968 (c. 13), Sch. 5

F3 Words repealed by Statute Law Revision Act 1963 (c. 30)

Modifications etc. (not altering text)

C1 S. 5 excluded (31.7.1998) by 1968 c. 13, s. 20A, Sch. 5A para. 4(6) (as inserted (31.7.1998) by 1998 c. 36, s. 160, Sch. 26 paras. 1(3), 3)

C2 S. 5 modified (24.6.2003) by The Uncertificated Securities (Amendment) (Eligible Debt Securities) Regulations 2003 (S.I. 2003/1633), reg. 1(1), Sch. 1 para. 4