Introductory text

GOVERNMENT ANNUITIES

Made 14th September 1977

Laid before Parliament 27th September 1977

Coming into Operation 19th October 1977

Whereas it appears to the Treasury that the annuity tables in force for the purposes mentioned in section 33(3) of the Finance Act 1962 have ceased to be appropriate or sufficient for calculating the sum for which an annuity might have been purchased when the average price of £100 2½ per cent. Consolidated Stock is less than £29⅜ but not less than £19¼:

Now, therefore, the Treasury, in exercise of the powers conferred on them by section 33(4) of the Finance Act 1962 and of all other powers enabling them in that behalf, hereby make the following Order:—