OpenLegislation

Explanatory note

Original text. Later amendments are not shown.

(This note is not part of the Regulations)

These Regulations amend the Government Annuities Payment Regulations 1958 (S.I. 1958/1181) to allow the National Debt Commissioners to make payment by means other than a warrant addressed to the cashiers of the Bank of England. These Regulations also provide that the National Debt Commissioners will obtain a good discharge when they make payment by electronic transfer to an account specified by the annuitant, his mandatory or attorney.