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Regulation 13 Conversion

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

Where, in accordance with the terms of any prospectus relating to the issue of any stock, or in accordance with any directions of the Treasury, stock may be converted into or exchanged for stock of another issue, the conversion or exchange shall, subject to the terms of the prospectus, be effected in such manner as the Treasury may direct, and for the purpose of giving effect to any such directions the Director of Savings may require the delivery to him of any document relating to the stock to be converted or exchanged.