The Gilt Strips (Consequential Amendments) Regulations 1997

Interpretation

2.  In these Regulations—

“government securities” means any securities included in Part I of Schedule 11 to the Finance Act 1942(1);

“statutory provision” means a provision contained in any enactment or subordinate legislation (including any enacted or made after the making of these Regulations);

“strip”, in relation to any government securities, has the meaning given by section 47 of the Finance Act 1942(2);

“strippable government securities” means government securities which are, or have at any time been, exchangeable for strips thereof; and

“subordinate legislation” has the same meaning as in the Interpretation Act 1978(3).

(1)

1942 c. 21; Part I of Schedule 11 was amended by the Finance Act 1963 (c. 25), Schedule IV, Part VII, by the National Loans Act 1968 (c. 13), section 16(3) and 14(A) (which was inserted by the Finance Act 1996 (c. 8), section 202(4)) and Schedule 6, Part II, by the Statute Law (Repeals) Act 1986 (c. 12), Schedule 1, Part III, and by the Finance Act 1989 (c. 26), Schedule 17, Part XI, and extended for this purpose by the Bank of England Act 1946 (c. 27), section 1(5) and Schedule 1, paragraph 6, and by the Coal Industry Nationalisation Act 1946 (c. 59), section 33(6).

(2)

1942 c. 21; the definition of “strip” in section 47(1B) and (1C) was inserted by the Finance Act 1996 (c. 8), section 202(2).

(3)

1978 c. 30; see section 21(1).