National Debt Act 1870

THE FIRST SCHEDULE

Stocks; Dividend Days; Redemption

Denominations of the several ,Stocks of Perpetual Annuities.	Dates of Half-yearly Dividends.	Periods of Redemption.
Consolidated Three pounds per centum annuities.	5 January, 5 July	At any time after passing of this Act, subject and according to regulation subjoined.
Reduced Three pounds per centum annuities.	5 April, 5 October	At any time after passing of this Act, subject and according to regulation subjoined.
New Five pounds per centum annuities.	5 January, 5 July	At any time after 5 January 1873.
New Three pounds per centum annuities.	5 April, 5 October	At any time after 10 October 1874.
New Three pounds ten shillings per centum annuities.	5 January, 5 July	At any time after 5 January 1894.
Two pounds ten shillings per centum annuities.	5 January, 5 July	At any time after 5 January 1894.

REGULATION.

The Consolidated Three pounds per centum annuities and the Reduced Three pounds per centum annuities respectively are redeemable as follows, namely :—At anytime on one year's notice printed in the London Gazette, and affixed on the Royal Exchange in London, and on repayment by Parliament according to such notice of the several sums, or any part thereof, for which the said several annuities, or either of them, are or is payable, by payments not less than 500,000l. at one time, in manner directed by any Act to be passed, and also on full payment of all arrears of the same annuities. Then, and not till then, so much of the annuities as are attending on the principal sums so paid off, shall cease and be understood to be redeemed. Any vote or resolution of the House of Commons, signified by the Speaker in writing, inserted in the London Gazette, and affixed on the Royal Exchange in London, shall be deemed sufficient notice.

THE SECOND SCHEDULE Enactments referred to

PART I

• 5 & 6 Will. 4. c. 62.—An Act to repeal an Act of the present session of Parliament, intituled ' An Act for the more effectual abolition of oaths and affirmations taken and made in various departments of the State, and to substitute declarations in lieu thereof, and for the more entire suppression of voluntary and extra-judicial oaths and affidavits'; and. to make other provisions for the abolition of unnecessary oaths [which Act may be cited in any declaration made thereunder for the purposes of this Act as The Statutory Declarations Act, 1835]

PART II

• 21 & 22 Vict. c. 79.—An Act to amend the law relating to cheques or drafts on bankers

PART III

• Section four of 3 & 4 Will. 4. c. 24.—An Act to amend an Act of the tenth year of His late Majesty for regulating the reduction of the National Debt

• Section twenty-one of 18 & 19 Vict. c. 18.—An Act for raising the sum of sixteen millions by way of annuities.

PART IV

• Section eleven of 2 & 3 Will. 4. c. 59.—An Act to transfer the management of certain annuities on lives from the receipt of His Majesty's Exchequer to the management of the Commissioners for the Reduction of the National Debt, and to amend an Act for enabling the said Commissioners to grant life annuities and annuities for terms of years

THE THIRD SCHEDULE Enactments referred to

Fees as to Stock Certificates

On the issue of a stock certificate, a fee not exceeding five shillings on every hundred pounds of stock included in the certificate, and a proportional sum for any less sum.

If the applicant is the registered holder of an amount of stock divisible into several sums of fifty pounds or multiples of fifty pounds, he may require such sums of fifty pounds or such multiples of fifty pounds to be distributed amongst Afferent certificates, as he thinks fit; subject to this proviso, that if the number certificates required by him exceed the proportion of five to a thousand pounds he shall, in respect to each certificate constituting that excess, pay a sum of sixpence in addition to the percentage fee.

On the change of a nominal certificate for a certificate to bearer, or on the registration in the books of the Bank of the stock included in a nominal certificate, there shall be charged a fee not exceeding one half the fee that would be chargeable on the issue of a new certificate to bearer.

On the registration in the books of the Bank of the stock included in a stock certificate to bearer there shall be charged a fee not exceeding five shillings.