# The Treasury Bills Regulations 1968, Regulation 4: Preparation and delivery of bills


(1) When any tenders for Treasury bills have been accepted by the Treasury, or when the National Debt Commissioners or any other persons have signified their willingness to buy Treasury bills at a fixed rate of discount, the Treasury shall issue a warrant authorising the Bank of England to prepare bills, in denominations of £5,000 or multiples thereof as may be necessary, for such total amount as is specified in the warrant, and the warrant shall be transmitted to the Comptroller and Auditor General for his counter-signature.
(2) The Treasury bills, when ready for issue, shall upon receipt of the sums payable in respect of them, be delivered by the Bank of England, under the authority of the Treasury warrant, to the order of the persons entitled to them.

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Source: https://www.legislation.gov.uk/uksi/1968/414/regulation/4 (the official version)
Page: https://openlegislation.uk/treasury-bills-regulations-1968/regulation-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.