Regulation 3

Where the annuitant or his mandatory or attorney notifies the Commissioners in writing that he is desirous of having warrants sent to him through the post, and gives to the Commissioners an address in the British Islands to which letters containing the warrants are to be sent, the Commissioners may in their discretion send warrants to him by post, and any warrants so sent shall be sent to him at his own risk.

Any warrant which is not sent by post under the last preceding paragraph shall be delivered to the annuitant or his mandatory or attorney on the personal appearance of such annuitant, mandatory or attorney at the National Debt Office:

Provided that, where the mandatory or attorney is a banker, the Commissioners may deliver the warrant to his representative on the personal appearance of such representative at the National Debt Office, and such delivery shall be equivalent to delivery of the warrant to the banker.

Any warrant which is delivered to a banker or his representative or is sent by post shall be made payable to order and crossed “not negotiable”.