Search Legislation

National Debt Reduction Act 1786

 Help about what version

What Version

  • Latest available (Revised)
  • Original (As enacted)
 Help about advanced features

Advanced Features

 Help about opening options

Opening Options

More Resources

Changes over time for: National Debt Reduction Act 1786 (without Schedules)

 Help about opening options

Changes to legislation:

There are currently no known outstanding effects for the National Debt Reduction Act 1786. Help about Changes to Legislation


Changes to Legislation

Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.

1—13.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F1E+W+S

14 Who shall be commissioners.E+W+S

And the speaker of the House of Commons, the chancellor of his Majesty’s Exchequer, the master of the rolls, [F2the Accountant-General of the Supreme Court] and the governor and [F3deputy governors] of the Bank of England for the time being respectively shall be commissioners for carrying into execution the purposes of this Act; . . . F4

15 Commissioners may employ clerks, &c.E+W+S

And the said commissioners shall be and they are hereby authorised to appoint and employ such clerks and other officers as shall be necessary, and all proceedings whatever to be had by or before the said commissioners shall be entered in proper books.

16 The Bank to pay such money vested in the commissioners as shall be ordered by them, &c.E+W+S

And the order of the said commissioners shall at any time be a sufficient authority to the governor and company of the Bank of England for issuing and paying any part of the money to be vested in the said commissioners in the manner herein directed; and such person or persons as shall from time to time be nominated and appointed by the said commissioners to make the purchases of publick debts and annuities on the account of the said commissioners, for the use of the publick and for the purposes of this Act, is and are hereby authorised and enabled to accept the transfer of any stock or annuities to be purchased in the manner herein-before directed, and to make the payments for the same to the persons from whom the same shall be purchased, and to give or accept all the necessary receipts and acquittances on the part of the said commissioners; provided always, that such nomination and appointment shall from time to time be notified to the governor and company of the Bank of England under the hands of the said commissioners.

17—23.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F5E+W+S

Back to top


Print Options


Legislation is available in different versions:

Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.

Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.


See additional information alongside the content

Geographical Extent: Indicates the geographical area that this provision applies to. For further information see ‘Frequently Asked Questions’.

Show Timeline of Changes: See how this legislation has or could change over time. Turning this feature on will show extra navigation options to go to these specific points in time. Return to the latest available version by using the controls above in the What Version box.


Opening Options

Different options to open legislation in order to view more content on screen at once


More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources

Timeline of Changes

This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.