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Regulation 1 Mode of Issue of Treasury bills

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

Treasury bills may be issued in the following ways:—

(a)

by inviting tenders and issuing Treasury bills to persons whose tenders are accepted; or

(b)

by issue at a fixed rate of discount, determined by the Treasury, to the National Debt Commissioners or to such other persons as may be willing to buy them.