# London Passenger Transport Act 1933, Paragraph 3


The new assented stock shall be of a similar character to the Guaranteed Assented Stocks constituted by the old trust deed but having its fixed rate of interest of four per cent. per annum guaranteed by the Executive and not by the Underground Company.

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Source: https://www.legislation.gov.uk/ukpga/Geo5/23-24/14/schedule/THIRD/paragraph/3 (the official version)
Page: https://openlegislation.uk/london-passenger-transport-act-1933/schedule-THIRD/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.