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REVENUE ACT 1903 - SECT 16

Regulations as to payments made by and discharges given to National Debt Commissioners.

16.(1) The National Debt Commissioners, with the concurrence of the Treasury,
may make regulations as to the mode in which any sum payable by those
Commissioners in respect of any life or other terminable annuity, or the
commutation of a pension, or the draft of trustees ... of a friendly society
..., may be paid, and the manner in which a valid discharge is to be given to
those Commissioners for any such payment and for crediting instead of paying
the interest due in respect of any sums so paid; and payments made and
discharges given in accordance with those regulations shall be valid,
notwithstanding anything in any other Act.

Subs.(2) rep. by SLR 1927

© 1903 Crown Copyright

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