(1)Section 14 of the [1965 c. 51.] National Insurance Act 1965 shall have effect with the substitution, for subsection (2) thereof (which, amongst other things, makes provision for the preparation, issue and sale, under the auspices of the Postmaster General, of adhesive stamps by means of which contributions under that Act are payable), of the following subsection:—
“(2)Where, under regulations made by virtue of subsection (1) of this section, contributions under this Act, with or without contributions under the Industrial Injuries Act, are payable by means of adhesive stamps, the Secretary of State may, with the consent of the Treasury, arrange for the preparation and sale of those stamps (hereafter in this Act referred to as ' insurance stamps') and may by regulations provide for applying, with the necessary modifications as respects those stamps, all or any of the provisions of the [1891 c. 38.] Stamp Duties Management Act 1891, section 9 of the [1891 c. 39.] Stamp Act 1891 and section 63 of the [1953 c. 36.] Post Office Act 1953”;
and the reference in section 67(2) of the [1965 c. 52.] National Insurance (Industrial Injuries) Act 1965 (which applies section 14(2) of the first-mentioned Act to insurance stamps within the meaning of the last-mentioned Act) to subsection (2) of the said section 14 shall be construed as referring to the subsection substituted therefor by this subsection.
(2)The foregoing subsection shall come into operation on the appointed day; but, without prejudice to section 37 of the [1889 c. 63.] Interpretation Act 1889, the powers conferred by virtue of that subsection may be exercised at any time after the passing of this Act as if that subsection had come into operation on the passing of this Act, but so that any stamps prepared or regulations made in exercise of the powers shall not be sold or come into operation, as the case may be, before that day.