National Debt (Conversion) Act 1888

30 Provisions as to Bank

(1) A warrant from the Treasury shall be a sufficient authority to the Bank for anything done by the Bank in pursuance of that warrant for the purposes of this Act.

(2) The Bank shall not be concerned to inquire as to whether any such con sent as is required by this Act is given to any exchange of stock, nor be responsible in the event of any such consent not having been given, and may act on any evidence authorised -by rules made under this Act, and are hereby indemnified for so acting.

(3) Nothing in this Act, or in any rules under this Act, shall affect the Bank with notice of any trust.

(4) The Bank shall have power to advance to the Treasury any money which may be required for the purposes of this Act.

(5) Any payment which the Bank are authorised by or under this Act to make to a holder of stock, or to any person holding a power of attorney to receive dividends on stock, may be made by warrant, and. any such warrant shall be deemed to be a cheque within the meaning of the [45 & 46 Vict. c. 61.] Bills of Exchange Act, 1882, and the posting of the letter containing the warrant, addressed in the prescribed manner, shall, as respects the liability of the Bank, be equivalent to the delivery of the warrant to the stock holder.