Paragraph 1

(1)

Securities issued by Her Majesty’s Government in the United Kingdom or the Government of Northern Ireland, not being excluded securities.

(2)

In sub-paragraph (1) above “excluded securities” means—

(a)

securities in respect of which a stock certificate issued under Part V of the M1National Debt Act 1870 is for the time being outstanding;

(b)

any other bearer securities; and

(c)

any securities for the time being registered on the National Savings Stock Register.

Annotations

C1: Sch. 1 amended (further specified securities added) by S.I. 1991/340, art.2 Sch.