<Legislation xmlns="http://www.legislation.gov.uk/namespaces/legislation" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" DocumentURI="http://www.legislation.gov.uk/apni/1950/3" IdURI="http://www.legislation.gov.uk/id/apni/1950/3" NumberOfProvisions="32" xsi:schemaLocation="http://www.legislation.gov.uk/namespaces/legislation http://www.legislation.gov.uk/schema/legislation.xsd" SchemaVersion="1.0" RestrictExtent="N.I." RestrictStartDate="2015-04-01"><ukm:Metadata xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:dct="http://purl.org/dc/terms/" xmlns:atom="http://www.w3.org/2005/Atom" xmlns:ukm="http://www.legislation.gov.uk/namespaces/metadata">
					<dc:identifier>http://www.legislation.gov.uk/apni/1950/3/schedule/FIRST</dc:identifier><dc:title>Exchequer and Financial Provisions Act (Northern Ireland) 1950</dc:title><dc:description>An Act to amend the law with respect to the Exchequer and Consolidated Fund of Northern Ireland; to make further provision with regard to public accounts and the receipt, issue, borrowing, investment, and funding of public moneys; and for purposes connected therewith.</dc:description><dc:type>text</dc:type><dc:format>text/xml</dc:format><dc:language>en</dc:language><dc:publisher>Statute Law Database</dc:publisher><dc:modified>2017-06-29</dc:modified><dc:contributor>Expert Participation</dc:contributor><dct:valid>2015-04-01</dct:valid>
					
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					<ukm:PrimaryMetadata><ukm:DocumentClassification><ukm:DocumentCategory Value="primary"/><ukm:DocumentMainType Value="NorthernIrelandParliamentAct"/><ukm:DocumentStatus Value="revised"/></ukm:DocumentClassification><ukm:Year Value="1950"/><ukm:Number Value="3"/><ukm:EnactmentDate Date="1950-02-14"/></ukm:PrimaryMetadata>
					

                    
									 
					
					
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				</ukm:Metadata><Primary><Schedules RestrictStartDate="2006-01-01"><Title>SCHEDULES</Title><Schedule DocumentURI="http://www.legislation.gov.uk/apni/1950/3/schedule/FIRST" IdURI="http://www.legislation.gov.uk/id/apni/1950/3/schedule/FIRST" NumberOfProvisions="6" id="schedule-FIRST" RestrictStartDate="2006-01-01"><Number>FIRST SCHEDULE <CommentaryRef Ref="c5438241"/></Number><TitleBlock><Title><CommentaryRef Ref="c5438251"/>PROVISIONS AS TO NORTHERN IRELAND TREASURY BILLS</Title></TitleBlock><Reference>Section 11.</Reference><ScheduleBody><P1 DocumentURI="http://www.legislation.gov.uk/apni/1950/3/schedule/FIRST/paragraph/1" IdURI="http://www.legislation.gov.uk/id/apni/1950/3/schedule/FIRST/paragraph/1" RestrictStartDate="2006-01-01" id="schedule-FIRST-paragraph-1"><Pnumber>1</Pnumber><P1para><Text>Subject to the succeeding provisions of this Schedule, each Northern Ireland Treasury Bill [<CommentaryRef Ref="c5438261"/> shall be issued by, or on behalf of, the Ministry] in such form as the Ministry may prescribe.</Text></P1para></P1><P1 DocumentURI="http://www.legislation.gov.uk/apni/1950/3/schedule/FIRST/paragraph/2" IdURI="http://www.legislation.gov.uk/id/apni/1950/3/schedule/FIRST/paragraph/2" RestrictStartDate="2006-01-01" id="schedule-FIRST-paragraph-2"><Pnumber>2</Pnumber><P1para><Text>Each Bill shall be for the payment of the principal sum named therein in the manner and at the date therein stated, so however that the date of payment shall be not more than twelve months from the date of issue of the Bill.</Text></P1para></P1><P1 DocumentURI="http://www.legislation.gov.uk/apni/1950/3/schedule/FIRST/paragraph/3" IdURI="http://www.legislation.gov.uk/id/apni/1950/3/schedule/FIRST/paragraph/3" RestrictStartDate="2006-01-01" id="schedule-FIRST-paragraph-3"><Pnumber>3</Pnumber><P1para><Text>Interest shall be payable in respect of each Bill at such rate and in such manner as the Ministry may determine at the time of the issue thereof.</Text></P1para></P1><P1 DocumentURI="http://www.legislation.gov.uk/apni/1950/3/schedule/FIRST/paragraph/4" IdURI="http://www.legislation.gov.uk/id/apni/1950/3/schedule/FIRST/paragraph/4" RestrictStartDate="2006-01-01" id="schedule-FIRST-paragraph-4"><Pnumber>4</Pnumber><P1para><Text>Each Bill shall bear the name of the Secretary,<CommentaryRef Ref="c5438271"/>. . . , or one of the Assistant Secretaries for the time being of the Ministry, and that name may be impressed or affixed by machinery or otherwise in such manner as the Ministry may from time to time determine.</Text></P1para></P1><P1 DocumentURI="http://www.legislation.gov.uk/apni/1950/3/schedule/FIRST/paragraph/5" IdURI="http://www.legislation.gov.uk/id/apni/1950/3/schedule/FIRST/paragraph/5" RestrictStartDate="2006-01-01" id="schedule-FIRST-paragraph-5"><Pnumber>5</Pnumber><P1para><Text>Bills shall be prepared …<CommentaryRef Ref="c5438281"/> under the authority of a Warrant …<CommentaryRef Ref="c5438281"/> of the Ministry, and shall be issued by the<CommentaryRef Ref="c5438301"/>. . .  Bank or otherwise as the Ministry may determine.</Text></P1para></P1><P1 DocumentURI="http://www.legislation.gov.uk/apni/1950/3/schedule/FIRST/paragraph/6" IdURI="http://www.legislation.gov.uk/id/apni/1950/3/schedule/FIRST/paragraph/6" RestrictStartDate="2006-01-01" id="schedule-FIRST-paragraph-6"><Pnumber>6</Pnumber><P1para><Text>The Ministry may by regulations make provision for carrying into effect the provisions of this Schedule, and in particular for—</Text><P3 DocumentURI="http://www.legislation.gov.uk/apni/1950/3/schedule/FIRST/paragraph/6/a" IdURI="http://www.legislation.gov.uk/id/apni/1950/3/schedule/FIRST/paragraph/6/a" id="schedule-FIRST-paragraph-6-a"><Pnumber>a</Pnumber><P3para><Text>regulating, in accordance with the foregoing provisions of this Schedule, the preparation, form, manner of issue, presentation, payment and cancellation of Bills;</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/apni/1950/3/schedule/FIRST/paragraph/6/b" IdURI="http://www.legislation.gov.uk/id/apni/1950/3/schedule/FIRST/paragraph/6/b" id="schedule-FIRST-paragraph-6-b"><Pnumber>b</Pnumber><P3para><Text>regulating the issue of a new Bill in lieu of one defaced, lost or destroyed;</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/apni/1950/3/schedule/FIRST/paragraph/6/c" IdURI="http://www.legislation.gov.uk/id/apni/1950/3/schedule/FIRST/paragraph/6/c" id="schedule-FIRST-paragraph-6-c"><Pnumber>c</Pnumber><P3para><Text>preventing, by the use of counterfoils or of a special description of paper or otherwise, fraud in relation to Bills; and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/apni/1950/3/schedule/FIRST/paragraph/6/d" IdURI="http://www.legislation.gov.uk/id/apni/1950/3/schedule/FIRST/paragraph/6/d" id="schedule-FIRST-paragraph-6-d"><Pnumber>d</Pnumber><P3para><Text>the proper discharge to be given upon payment of a Bill.</Text></P3para></P3></P1para></P1></ScheduleBody></Schedule></Schedules></Primary><Commentaries><Commentary id="c5438261" Type="F"><Para><Text><Citation URI="http://www.legislation.gov.uk/1973/ni5" id="c00053" Class="NorthernIrelandOrderInCouncil" Year="1973" AlternativeNumber="5">1973 NI 5</Citation></Text></Para></Commentary><Commentary id="c5438271" Type="F"><Para><Text><Citation URI="http://www.legislation.gov.uk/1991/ni6" id="c00054" Class="NorthernIrelandOrderInCouncil" Year="1991" AlternativeNumber="6">1991 NI 6</Citation></Text></Para></Commentary><Commentary id="c5438281" Type="F"><Para><Text><Citation URI="http://www.legislation.gov.uk/1973/ni5" id="c00055" Class="NorthernIrelandOrderInCouncil" Year="1973" AlternativeNumber="5">1973 NI 5</Citation></Text></Para></Commentary><Commentary id="c5438301" Type="F"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/nia/2001/6" id="c00056" Class="NorthernIrelandAct" Year="2001" Number="6">2001 c. 6 (NI)</Citation></Text></Para></Commentary><Commentary id="c5438241" Type="F"><Para><Text>SRO (NI) 1950/45</Text></Para></Commentary><Commentary id="c5438251" Type="F"><Para><Text>mod. by SI 2003/1633</Text></Para></Commentary></Commentaries></Legislation>