Part III
Payment of Dividends
12 Money for payment to be issuable.
Sufficient money to pay the dividends on all stock, with the charges attending the same, shall continue to be from time to time issuable for that purpose out of the F1National Loans Fund.
F613 Registrar of Government Stock to employ suitably qualified persons
Until all stock is redeemed, the Registrar of Government Stock must employ suitably qualified persons to administer the payment of the dividends on stock.
F8C114 Issue by Treasury.
1
The money from time to time and at any time—
a
issuable out of the National Loans Fund, and
b
by this Act made applicable to the payment of the dividends on stock,
shall, by order of the Treasury, without other warrant, from time to time be issued and made available for the payment of those dividends.
2
The Registrar of Government Stock shall from time to time notify the Treasury of the amount of the money to be so issued which he requires to be made available to him for the making of payments in respect of those dividends.
3
The Treasury shall make that amount available to the Registrar of Government Stock for the making of such payments.
F915 Application of money by Registrar of Government Stock
The Registrar of Government Stock shall without delay apply in payment of the dividends on stock the money from time to time so made available to him.
F716 Accounting by Registrar of Government Stock
The Registrar of Government Stock shall from time to time render his accounts relating to the money F10made available to him for the payment of the dividends on stock and those accounts shall be audited, as the Treasury from time to time direct, but the Treasury may, if they think fit, dispense with such audit.