National Debt Reduction Act 1866
1866 c.11
An Act for the Cancellation of certain Capital Stocks of Annuities standing in the Names of the Commissioners for the Reduction of the National Debt.
Annotations:
Modifications etc. (not altering text)
1 Short title.
This Act may be cited for all purposes as “The National Debt Reduction Act 1866.”
2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F1
3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F2
4–5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F3
6 Provision for cancelling future annuities.
In all future cases of purchases of capital stocks of annuities by the application of donations and bequests monies, unless it be otherwise expressly provided in every such donation or bequest respectively, such annuities shall be at once cancelled by the Bank of England, on a direction from the Commissioners for the Reduction of the National Debt, signified in writing under the hand of the Comptroller General or Assistant Comptroller for the time being of the National Debt Office.
Preamble omitted under authority of Statute Law Revision Act 1893 (c. 14)