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	Statutes of Northern Ireland
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BANK OF ENGLAND ACT 1861

BANK OF ENGLAND ACT 1861 - LONG TITLE

An Act to make further Provision respecting certain payments to and
from the Bank of England, and to increase the Facilities for the
Transfer of Stocks and Annuities, and for other Purposes{1}.
[22nd March 1861]
Preamble rep. by SLR 1892

Ss.13 rep. by 1892 c.48 s.8(3) sch. Pt.I. S.4 rep. by 1928 c.13
s.13(4) sch.

BANK OF ENGLAND ACT 1861 - SECT 5
Regulations as to balances on the dividend account at the Bank.

5. Whenever the balances in the hands of the Governor and Company
of the Bank of England of sums issued for the payment of dividends
and terminable annuities on account of the National Debt due and
not demanded are reduced to a less sum than one hundred thousand
pounds, the said Governor and Company shall certify the amount of
deficiency to the Commissioners of the Treasury, and the
Commissioners shall as often as they may judge expedient direct the
issue out of the [National Loans Fund] of a sum not exceeding the
amount required to raise the said balances to the sum of one
hundred thousand pounds; and within thirty days after the expiration
of every quarter an account shall be taken of the lowest amount of
the balances in the hands of the said Governor and Company on the
same account; and it shall be lawful for the Treasury, if they
think fit, to require the Bank of England to repay to the account
of the Comptroller of the Exchequer opened in the books of the
said Bank any sum by which the said balances may exceed one
hundred thousand pounds.

Ss.68 rep. by 1892 c.48 s.8(3) sch. Pt.I. S.9 rep. by SLR 1966.
S.10 rep. by 1937 c.14 s.12 sch.2