Exchequer and Financial Provisions Act (Northern Ireland) 1950

Section 11.

FIRST SCHEDULE F1 N.I. F2 PROVISIONS AS TO NORTHERN IRELAND TREASURY BILLS

F1 SRO (NI) 1950/45

F2 mod. by SI 2003/1633

1 N.I. Subject to the succeeding provisions of this Schedule, each Northern Ireland Treasury Bill [F3 shall be issued by, or on behalf of, the Ministry] in such form as the Ministry may prescribe.

F3 1973 NI 5

2 N.I. Each Bill shall be for the payment of the principal sum named therein in the manner and at the date therein stated, so however that the date of payment shall be not more than twelve months from the date of issue of the Bill.

3 N.I. Interest shall be payable in respect of each Bill at such rate and in such manner as the Ministry may determine at the time of the issue thereof.

4 N.I. Each Bill shall bear the name of the Secretary,F4 . . . , or one of the Assistant Secretaries for the time being of the Ministry, and that name may be impressed or affixed by machinery or otherwise in such manner as the Ministry may from time to time determine.

F4 1991 NI 6

5 N.I. Bills shall be prepared …F5 under the authority of a Warrant …F5 of the Ministry, and shall be issued by theF6 . . . Bank or otherwise as the Ministry may determine.

F5 1973 NI 5

F6 2001 c. 6 (NI)

6 N.I. The Ministry may by regulations make provision for carrying into effect the provisions of this Schedule, and in particular for—

(a) regulating, in accordance with the foregoing provisions of this Schedule, the preparation, form, manner of issue, presentation, payment and cancellation of Bills;

(b) regulating the issue of a new Bill in lieu of one defaced, lost or destroyed;

(c) preventing, by the use of counterfoils or of a special description of paper or otherwise, fraud in relation to Bills; and

(d) the proper discharge to be given upon payment of a Bill.