1(1)Securities issued by Her Majesty’s Government in the United Kingdom or the Government of Northern Ireland, not being excluded securities.U.K.
(2)In sub-paragraph (1) above “excluded securities” means—
(a)securities in respect of which a stock certificate issued under Part V of the M1National Debt Act 1870 is for the time being outstanding;
(b)any other bearer securities; and
(c)any securities for the time being registered on the National Savings Stock Register.
Marginal Citations