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Revenue Act 1903
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- 1903 c. 46 (Regnal. 3_Edw_7)
- Part IV
- Section 16
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16 Regulations as to payments made by and discharges given to National Debt Commissioners. E+W+S+N.I.
(1)The National Debt Commissioners, with the concurrence of the Treasury, may make regulations as to the mode in which any sum payable by those Commissioners in respect of any life or other terminable annuity, or the commutation of a pension, or the draft of trustees . . . F1 of a friendly society, . . . F2 may be paid, and the manner in which a valid discharge is to be given to those Commissioners for any such payment and for crediting instead of paying the interest due in respect of any sums so paid; and payments made and discharges given in accordance with those regulations shall be valid, notwithstanding anything in any other Act.
(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F3
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Amendments (Textual)
F1Words repealed by Trustee Savings Banks Act 1954 (c. 63), Sch. 3
F2Words repealed by National Loans Act 1968 (c. 13), Sch. 6 Pt. II
F3Ss. 16(2), 17(1), Sch. repealed by Statute Law Revision Act 1927 (c. 42)
Modifications etc. (not altering text)
C1S. 16 repealed (a) so far as it relates to annuities under Government Annuities Act 1829 (c. 24) and to savings bank annuities, by Government Annuities Act 1929 (c. 29), s. 36, Sch. 2; (b) so far as it relates to drafts of a friendly society, by Industrial Assurance and Friendly Societies Act 1948 (c. 39), Sch. 6
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