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National Debt Reduction Act 1866

29 & 30 Vict. c. 11 · Enacted 23 March 1866 · Extends to United Kingdom

Up to date with all changes known to legislation.gov.uk, revised to 1 February 1991.

An Act for the Cancellation of certain Capital Stocks of Annuities standing in the Names of the Commissioners for the Reduction of the National Debt.

[23rd March 1866]C1

Annotations to the whole text

Modifications

C1

Preamble omitted under authority of Statute Law Revision Act 1893 (c. 14)

Contents

  1. 1Short title.
  2. 2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  3. 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  4. 4–5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  5. 6Provision for cancelling future annuities.

1Short title.

This Act may be cited for all purposes as “The National Debt Reduction Act 1866.”

2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .F1

3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .F1

4–5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .F1

6Provision for cancelling future annuities.

In all future cases of purchases of capital stocks of annuities by the application of donations and bequests monies, unless it be otherwise expressly provided in every such donation or bequest respectively, such annuities shall be at once cancelled by the Bank of England, on a direction from the Commissioners for the Reduction of the National Debt, signified in writing under the hand of the Comptroller General or Assistant Comptroller for the time being of the National Debt Office.