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National Debt (Conversion) Act 1888
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- UK Public General Acts
- 1888 c. 2
- PART IV
- Section 16
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16Provisions as to savings banks
(1)Regulations made in pursuance of the Savings Banks Act, 1880, with respect to investments in and sales of stock through the medium of trustee and post office savings banks may provide for investments in new stock; and for the purpose of regulations so made, the expression " Government stock " in the [43 & 44 Vict. c. 36.] Savings Banks Act, 1880, shall be deemed to include new stock.
(2)With respect, to stock invested on behalf of depositors in trustee, and post office savings banks, the dissents and assents authorised by this Act may, on the request of any such depositor, be signified by the Commissioners for the Reduction of the National Debt, and those Commissioners and the Postmaster General respectively shall make such provision as seems to them expedient for enabling such request to be made.
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