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Bank of England Act 1946

Status:

This is the original version (as it was originally enacted).

  1. Introductory Text

  2. 1.Transfer of Bank stock to Treasury.

  3. 2.Court of directors of the Bank.

  4. 3.Consequential provisions as to constitution and powers of the Bank.

  5. 4.Treasury directions to the Bank and relations of the Bank with other banks.

  6. 5.Interpretation

  7. 6.Short title

  8. SCHEDULES

    1. FIRST SCHEDULE

      Incidental and Supplemental Provisions as to the Government Stock and Sums payable by the Bank to the Treasury

      1. 1.The principal of and interest on the Government stock, and...

      2. 2.There shall be paid to the Bank and the Bank...

      3. 3.The interest on the Government stock shall be payable on...

      4. 4.A full half year's interest on the Government stock shall...

      5. 5.The interest on the Government stock shall be paid out...

      6. 6.Section forty-seven of the Finance Act, 1942 (which empowers the...

      7. 7.Where immediately before the appointed day any dead person is...

      8. 8.The Government stock issued in substitution for any Bank stock...

      9. 9.Trustees, executors and all other holders in any representative or...

      10. 10.Paragraphs 3, 4 and 5 of the Second Schedule to...

      11. 11.The Government stock shall be subject to the provisions of...

      12. 12.The Treasury may, for the purpose of providing any sums...

      13. 13.The sums paid by the Bank to the Treasury in...

      14. 14.In charging the profits and gains of the Bank for...

    2. SECOND SCHEDULE

      Supplemental Provisions as to Court of Directors

      1. 1.The term of office of the Governor and of the...

      2. 2.The term of office of the directors shall be four...

      3. 3.A person who has held the office of Governor, Deputy...

      4. 4.A person shall be disqualified for holding the office of...

      5. 5.Where the office of a director is vacated under the...

      6. 6.Not more than four of the directors may be employed...

      7. 7.The following provisions shall have effect as respects any meeting...

    3. THIRD SCHEDULE

      Enactments Repealed

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