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National Debt (Conversion) Act 1888
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- UK Public General Acts
- 1888 c. 2
- PART III
- Section 13
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13Power to raise money for incidental expenses
(1)All sums paid for defraying expenses incurred in pursuance of this Act, or for providing any dividend which by reason of any conversion or exchange effected under this Act becomes payable in the then current financial year instead of the next financial year, shall be charged on and be payable out of the Consolidated Fund or the growing produce thereof, but shall not be payable as part of the permanent annual charge for the National Debt.
(2)The Treasury may from time to time, as they think fit, repay to the Consolidated Fund any portion of the money issued thereout for the purposes of this section, and may, with a view to provide money for such repayment, raise any sums in any of the modes by which they are by this Act authorised to raise sums of money.
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