Paragraph 14 Miscellaneous Financial Provisions Act 1955

(1)

Section 5 of the Miscellaneous Financial Provisions Act 1955^f1 (unclaimed dividends etc. on Government stock) is amended as follows.

(2)

For “the Bank”, wherever occurring, there is substituted “the Registrar of Government Stock”.

(3)

For subsection (4) there is substituted—

“(4)

Where the Registrar of Government Stock makes a payment under subsection (2) of this section in respect of any moneys due on Government stock, and afterwards pays those moneys to the person entitled, the amount paid to the National Debt Commissioners in respect of those moneys shall be repaid by them to the Registrar of Government Stock.”.

(4)

In subsection (8), for “the Bank's” there is substituted “the Registrar of Government Stock's”.

(5)

Subsection (10) is omitted.

Annotations

Footnotes

f1: 1955 c. 6; section 5 was amended by the National Debt Act 1958 (c. 6), section 17 and the Schedule; the Finance Act 1962 (c. 44), section 34(7), Schedule 11, Part VII; the Finance Act 1964 (c. 49), sections 24, 26(7) and Schedules 8 and 9; the National Loans Act 1968 (c. 13), section 13(6) and Schedule 5; the Statute Law (Repeals) Act 1974 (c. 22); the Statute Law (Repeals) Act 1986 (c. 12); and S.I. 2002/2521, article 10(2) and Schedule 2, Part I.