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Suez Canal (Shares) Act 1876
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- UK Public General Acts
- 1876 c. 67
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This is the original version (as it was originally enacted).
1Treasury to hold and use shares.
The Commissioners of Her Majesty's Treasury shall receive and hold, and may use, the shares aforesaid, on behalf of Her Majesty the Queen, her heirs and successors, on trust for public purposes.
2Payment of receipts to Consolidated Fund.
All money received under the recited Agreement, or in respect of the shares aforesaid, shall he paid into the receipt of Her Majesty's Exchequer, and he carried to the Consolidated Fund of the United Kingdom.
3Accounts to be laid before Houses of Parliament.
The Commissioners of Her Majesty's Treasury shall cause to he laid before both Houses of Parliament, within three months after the thirty-first day of March in every year, accounts, shewing the sums received under the recited Agreement, or in respect of the shares aforesaid, and the charge within the year for principal of and interest on the money raised in respect of the purchase of the shares aforesaid, and the amount of principal money still outstanding.
4Short title.
This Act may he cited as The Suez Canal (Shares) Act, 1876.
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