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United Kingdom Legislation
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URL: http://www.bailii.org/uk/legis/num_act/1883/1056606.html

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     Click here to go to The UK Statute Law Database site for further updates and information concerning: Consolidated Fund (Permanent Charges Redemption) Act 1883 (c.1)

Consolidated Fund (Permanent Charges Redemption) Act 1883
1883 c.1 46_and_47_Vict
An Act to amend the Consolidated Fund (Permanent Charges Redemption) Act 1873.                                    
[20th March 1883]
Annotations:
Modifications etc. (not altering text)
C1
Preamble omitted under authority of Statute Law Revision Act 1898 (c. 22)

1.
Construction of Act and short title.
 This Act shall be construed as one with the M1 Consolidated Fund (Permanent Charges Redemption) Act 1873.

This Act may, together with that Act, be cited as the Consolidated Fund (Permanent Charges Redemption) Acts 1873 and 1883, and may be cited alone, as the Consolidated Fund (Permanent Charges Redemption) Act 1883.
Annotations:
Marginal Citations
M1
1873 c. 57.
2.
Advance of redemption money by National Debt Commissioners and repayment by terminable annuity.
 — (1) The Treasury may from time to time borrow from the National Debt Commissioners, and those Commissioners may lend out of the funds in their hands on account of [F1 . . . F2 the National Savings Bank], such capital sum or such Government securities as may be necessary for the purpose of carrying into effect any contract made in pursuance of the M2 Consolidated Fund (Permanent Charges Redemption) Act 1873, for the redemption of any annuity as defined by that Act.
(2) For the purpose of repaying any such loan, the Treasury may create, in favour of the National Debt Commissioners, a terminable annuity for the period of ten years from the date of the loan, to be calculated with interest at the rate of not less than three and a quarter per cent. per annum.
(3) Such annuity shall be notified by certificate under the hand of the Comptroller or Assistant Comptroller, and the Actuary of the National Debt Office, and shall be charged upon the Consolidated Fund . . . F3
Annotations:
Amendments (Textual)
F1
Words substituted by Post Office Act 1969 (c. 48), Sch. 6 Pt. III
F2
Words repealed by Trustee Savings Banks Act 1985 (c. 58, SIF 110), ss. 4(3), 7(3), Sch. 4
F3
Words repealed by Statute Law Revision Act 1963 (c. 30)
Marginal Citations
M2
1873 c. 57.
3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F4
Annotations:
Amendments (Textual)
F4
S. 3 repealed by Statute Law Revision Act 1898 (c. 22)



     Click here to go to The UK Statute Law Database site for further updates and information concerning: Consolidated Fund (Permanent Charges Redemption) Act 1883 (c.1)


Attributes of:   Consolidated Fund (Permanent Charges Redemption) Act 1883 (c.1)
Version no Start date End date Extent Confers power Blanket amendment
> 1 01/02/1991   E+W+S+N.I. N N

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URL: http://www.bailii.org/uk/legis/num_act/1883/1056606.html