Section 5 Payment of proceeds of Treasury bill into Exchequer, and charge of bill on Consolidated Fund.C1C2
. . . F1
The principal money of and interest on any Treasury bill shall be charged on and payable out of F2the National Loans Fund with recourse to the Consolidated Fund of the United Kingdom, . . . F3, at the time and in the manner prescribed.
Annotations
Textual amendments
- F1
Words repealed by National Loans Act 1968 (c. 13), Sch. 6 Pt. I
- F2
Words inserted by National Loans Fund Act 1968 (c. 13), Sch. 5
- F3
Words repealed by Statute Law Revision Act 1963 (c. 30)
Modifications
- C1
S. 5 excluded (31.7.1998) by 1968 c. 13, s. 20A, Sch. 5A para. 4(6) (as inserted (31.7.1998) by 1998 c. 36, s. 160, Sch. 26 paras. 1(3), 3)
- C2
S. 5 modified (24.6.2003) by The Uncertificated Securities (Amendment) (Eligible Debt Securities) Regulations 2003 (S.I. 2003/1633), reg. 1(1), Sch. 1 para. 4