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This version of this statute is extracted from the UK Statute Law Database (SLD). It is not necessarily in the form in which it was originally enacted but is a revised version, which means that any subsequent amendments to the text and other effects are incorporated with annotations.
An Act for the Cancellation of certain Capital Stocks of Annuities standing in the Names of the Commissioners for the Reduction of the National Debt.
[23rd March 1866]
C1Preamble omitted under authority of Statute Law Revision Act 1893 (c. 14)
This Act may be cited for all purposes as “The National Debt Reduction Act 1866.”
F1S. 3 repealed by Miscellaneous Financial Provisions Act 1955 (4 and 5 Eliz. 2 c. 6) Sch. 2 Pt. III
In all future cases of purchases of capital stocks of annuities by the application of donations and bequests monies, unless it be otherwise expressly provided in every such donation or bequest respectively, such annuities shall be at once cancelled by the Bank of England, on a direction from the Commissioners for the Reduction of the National Debt, signified in writing under the hand of the Comptroller General or Assistant Comptroller for the time being of the National Debt Office.
National Debt Reduction Act 1866