Regulation 18 Transfer of stock from one part of the National Savings Stock Register to another

If the holder of any stock on the register desires to transfer the stock to such part of the National Savings Stock Register as is kept by a trustee savings bank, he shall send to the Director of Savings an application in writing in the approved form, together with any certificate or subscription book relating to the stock.

For the purpose of such a transfer, the Director of Savings shall, after writing off from the register the stock to be transferred, send particulars thereof to the trustee savings bank, which shall thereupon register stock or securities of a corresponding amount and description in the name of the holder in the part of the National Savings Stock Register kept by it.

If the holder of any stock or securities on such part of the National Savings Stock Register as is kept by a trustee savings bank desires to transfer the stock or securities to the register, he shall send to the trustee savings bank an application in writing, together with any certificate or subscription book relating to the stock or securities.

For the purpose of such a transfer, the trustee savings bank shall, after writing off from the part of the National Savings Stock Register kept by it the stock or securities to be transferred, send particulars thereof to the Director of Savings, who shall thereupon register stock or securities of a corresponding amount and description in the name of the holder in the register.