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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 It is not necessarily in the form in which it was originally enacted but is a revised version, which means that any subsequent amendments to the text and other effects are incorporated with annotations.
There are effects on this legislation that have not yet been applied to SLD for the following year: 2008. See the Tables of Legislative effects and the Update status of legislation page on the SLD website.
An Act to amend the provisions of the Conveyancing and Feudal Reform (Scotland) Act 1970 relating to the redemption of standard securities; to make provision as respects Scotland in relation to the operation of section 89 of the Companies Act 1948; and for connected purposes.
[1st July 1971]
C1Words of enactment omitted under authority of Statute Law Revision Act 1948 (c. 62), s. 3
(1)The rate of the duty of excise chargeable under section 1 of the M1 Finance Act 1964 on British spirits by virtue of Schedule 1 to the M2 Finance Act 1973 and section 1(1) of the M3 Finance Act 1974 shall be increased by £ 5.0800 per proof gallon.
(2)The rates of the duties of customs chargeable under section 1 of the Finance Act 1964 on imported spirits other than perfumed spirits by virtue of Schedule 1 to the Finance Act 1973, section 1(2) of the Finance Act 1974 or any relevant order shall each be increased—
(a)in the case of spirits not comprised in paragraph (b) below, by £5.0800 per proof gallon; and
(b)in the case of liquers, cordials, mixtures and other preparations in bottle, entered in such manner as to indicate that the strength is not to be tested, by £6.8600 per liquid gallon.
(3)The rates of the duties of customs and excise chargeable under section 2 of the M4Finance Act 1964 on beer by virtue of Schedule 2 to the M5 Finance Act 1973, section 1(3) of the M6 Finance Act 1974 or any relevant order shall each be increased—
(a)except as regards the increases mentioned in paragraph (b) below, by £4.3200 per gallons; and
(b)as regards the increases in the rates of duty falling to be made, in the case of beer of an original gravity exceeding 1030 degrees, for each additional degree, by £0.1440 per 36 gallons;
and as respects beer on which there have been paid duties of customs or excise at the said increased rates, the rates of drawback allowable under the said section 2 by virtue of the said Schedule 2, the said section 1(3) or any such order shall each be increased by the like amount per 36 gallons.
(4)The rates of the duties of customs chargeable under section 3 of the Finance Act 1964 on imported wine by virtue of Schedule 3 to the Finance Act 1973, section 1(4) of the Finance Act 1974 or any relevant order shall each be increased—
(a)except as regards the additions mentioned in paragraph (b) below, by £1.3300 per gallon; and
(b)as regards the addition to the rates of duty falling to be made, in the case of wine exceeding 42 degrees of proof spirit, for each additional degree or fraction of a degree, by £0.0550 per gallon.
For the purposes of this subsection “wine” includes the less of wine.
(5)The rates of the duty of excise chargeable under section 3 of the Finance Act 1964 on British wine by virtue of Schedule 4 to the Finance Act 1973 and section 1(5) of the Finance Act 1974 shall each be increased by £1.3300 per gallon.
(6)The rates of the duties of customs and excise chargeable under section 4 to the Finance Act 1964 on tobacco by virtue of Schedule 5 to the Finance Act 1973 section 1(6) of the Finance Act 1974 or any relevant order shall each be increased by £2.0500 per pound; and as respects tobacco on which there have been paid duties of customs or excise at the said increased rates, the rates of drawback allowable under the said section 4 by virtue of the said Schedule 5, the said section 1(6) or any such order shall each be increased by the like amount per pound.
(7)In this section “relevant order” means any order made before 16th April 1975 under subsection (4) of section 1 of the M7Finance Act 1973 (power to alter rates of duties of customs and of drawbacks); and the preceding provisions of this section are without prejudice to the powers conferred on the Treasury by that section.
(8)This section shall be deemed to have come into force on 16th April 1975.
C1The text of s. 1 is in the form in which it was originally enacted: it was not reproduced in Statutes in Force and does not reflect any amendments or repeals which may have been made prior to 1.2.1991.
M11964 c.49.
M21973 c.51.
M31974 c.30.
M41964 c.49.
M51973 c.51.
M6 1974 c.30.
M71973 c.51.
For the avoidance of doubt, it is hereby declared that the provisions of Part II (the standard security) of the principal Act do not affect (and shall be deemed never to have affected) the operation of [F1section 193 of the Companies Act 1985](perpetual debentures).
F1Words substituted by Companies Consolidation (Consequential Provisions) Act 1985 (c. 9, SIF 27), s. 30, Sch. 2
C1
“the principal Act” means Conveyancing and Feudal Reform (Scotland) Act 1970 (c. 35)
The provisions (including the standard conditions) of and relating to a standard security granted before the commencement of this Act and duly recorded may be altered by such an agreement as is mentioned in section 1(c) of this Act duly recorded, and the provisions of the principal Act as amended by this Act shall apply in relation to any such security as so altered.
C1
“such an agreement as is mentioned in section 1(c)” means any agreement to the contrary
This Act may be cited as the Redemption of Standard Securities (Scotland) Act 1971, and the principal Act and this Act shall be construed together, and may be cited together as the Conveyancing and Feudal Reform (Scotland) Acts 1970 and 1971.
Redemption Of Standard Securities (Scotland) Act 1971