Article 4 Holdings in the National Savings Stock Register

As soon as practicable before the date when any old securities (not being British Savings Bonds) registered in the National Savings Stock Register may be exchanged for new securities the Director of Savings shall furnish the Commissioners with a statement, in a form approved by the Commissioners, of the aggregate amount of the holdings of the old securities (not being British Savings Bonds) registered in the National Savings Stock Register in respect of which acceptances of the offer of exchange have been duly made, and the Commissioners, as soon as practicable thereafter, shall make to the Bank of England a request for the exchange of the appropriate amounts of old securities (not being British Savings Bonds) held by them on account of the National Savings Stock Register.