Section 4 Amendment of law as to payment of dividends on stock.

United Kingdom

C1( F1 1 )

The Treasury may from time to time make regulations for the payment of dividends on stock either by sending warrants through the post or by payment through a banker.

(2)

Where a dividend warrant is sent by post in accordance with any such regulations, the posting of the letter containing the warrant, addressed in the manner prescribed by the regulations, shall, as respects the liability of the BankF2, the Registrar of Government Stock or any previous Registrar of Government Stock, be equivalent to the delivery of the warrant to the stockholder.

3)–(5)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F3

(6)

This section shall apply to all stock of any company or corporation, funds or annuities, transferable

F4(a)

in the registers kept by the Registrar of Government Stock in accordance with regulations under section 47 of the Finance Act 1942 (see regulation 7 of the Government Stock Regulations 2004), or

(b)

in manner provided by those regulations.

(7)

This section shall be construed and have effect as part of the M1National Debt Act 1870.

Annotations

Textual amendments

F1: S. 4(1) substituted (1.7.2004) by The Government Stock (Consequential and Transitional Provision) (No. 2) Order 2004 (S.I. 2004/1662), art. 1, Sch. paras. 1, 5(2) (with art. 3)
F2: Words in s. 4(2) inserted (1.7.2004) by The Government Stock (Consequential and Transitional Provision) (No. 2) Order 2004 (S.I. 2004/1662), art. 1, Sch. paras. 1, 5(3) (with art. 3)
F3: Ss. 3, 4(3)–(5) repealed by Statute Law Revision Act 1950 (c. 6)
F4: S. 4(6)(a)(b) substituted for words (1.7.2004) by The Government Stock (Consequential and Transitional Provision) (No. 2) Order 2004 (S.I. 2004/1662), art. 1, Sch. paras. 1, 5(4) (with art. 3)

Marginal citations

M1: 1870 c. 71.

Modifications

C1: S.4(1)(2) extended retrospectively by East India Loans Act 1937 (c. 14), s. 2(4)