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(1)Schedule 3 to the [1921 c. 32.] Finance Act 1921 (provisions for carrying out redemption of Government stock) shall be amended in accordance with subsections (2) and (3) below.
(2)At the end of paragraph 1 (redemption moneys payable in cash at the Bank of England etc. or, on request, by cheque or warrant sent by post) there shall be added the following paragraph—
“Nothing in the preceding provisions of this paragraph prevents the Bank, a trustee savings bank or the Director of Savings, as the case may require, making special arrangements with any other person for the payment of any such principal moneys which are receivable by that person, whether on his own behalf or by virtue of any such request as is referred to above or otherwise.”
(3)In paragraph 2 (Treasury regulations) after the word " regulations " there shall be inserted—
“(a)enabling the Bank to require the production and delivery up to the Bank of documentary evidence of, or an indemnity relating to, the title of the stockholder before making a payment of any principal moneys payable on the redemption of any Government stock; and
(b)”.
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