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Section 8 Mode of issue of Treasury bills.

United Kingdom

With respect to the issue of Treasury bills the following provisions shall have effect:

F1(1)

Treasury bills shall be issued by the Treasury (either directly or through such agent as the Treasury think fit).

. . . F2

C1(2)

Each Treasury bill shall be for the amount directed by the Treasury.

. . . F3

Annotations

Textual amendments

F1: S. 8(1) substituted (31.7.1998 with application as mentioned in s. 159(2) of the amending Act) by 1998 c. 36, s. 159(1)(2); S.I. 1999/2908, art. 2
F2: Words repealed by Statute Law (Repeals) Act 1977 (c. 18), Sch.1 Pt. VII
F3: S. 8(3) repealed by National Debt Act 1889 (c. 6)

Modifications

C1: S. 8(2) modified (24.6.2003) by The Uncertificated Securities (Amendment) (Eligible Debt Securities) Regulations 2003 (S.I. 2003/1633), reg. 1(1), Sch. 1 para. 5