SCHEDULE 2APPLICATION AND MODIFICATION OF CERTAIN ENACTMENTS

1. Section 5 of the National Debt Act 1889(1) applies in relation to eligible Treasury bills with the following modifications–

(a)for “Treasury bills”, substitute, “The record (whether or not in the form of a document) containing the terms of an eligible Treasury bill”;

(b)for “be impressed or affixed by machinery or otherwise”, substitute “appear in the record”.

2. A reference to Treasury bills in–

(a)section 4 of the Enemy Property Act 1953(2);

(b)Schedule 1 to the Trustee Investments Act 1961(3);

(c)the National Loans Act 1968(4);

(d)section 4(5) of the Government Trading Funds Act 1973(5);

(e)Part I of Schedule 9 to the Companies Act 1985(6);

(f)the Local Authorities (Capital Finance)(Approved Investments) Regulations 1990(7);

(g)Schedule 1 to the Pilotage Act 1987 (Pilotage Commission: Transfer of Property, Rights and Liabilities) Order 1990(8);

(h)regulations 9 and 23A of the Insolvency Regulations 1994(9);

(i)Schedule 2 to the Companies (Summary Financial Statement) Regulations 1995(10); or

(j)Schedule 2 to the Building Societies (Accounts and Related Provisions) Regulations 1998(11),

includes a reference to uncertificated units of eligible Treasury bills.

(1)

1889 c. 6. There are amendments to section 5 not relevant to these Regulations.

(2)

1953 c. 52, to which there are amendments not relevant to these Regulations.

(3)

1961 c. 62. Schedule 1 was substituted by S.I. 2001/3649, article 269.

(4)

(5)

1973 c. 63, to which there are modifications not relevant to these Regulations.

(6)

1985 c. 6, to which there are amendments not relevant to these Regulations.

(7)

S.I. 1990/426, to which there are amendments not relevant to these Regulations.

(8)

(9)

(10)

S.I. 1995/2092, to which there are amendments not relevant to these Regulations.

(11)