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Coal Industry Nationalisation Act 1946
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Changes over time for: Section 33
Version Superseded: 27/03/2004
Alternative versions:
- 01/02/1991- Amendment
- 05/11/1993- Amendment
- 31/10/1994
Point in time - 27/03/2004- Amendment
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Point in time view as at 31/10/1994. This version of this provision has been superseded.
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33 General provisions as to stock.E+W+S
(1)Stock issued for compensation, . . . F1 and stock issued for the purposes of the exchange provided for by the last preceding section, shall bear such rate of interest, and be subject to such conditions as to repayment, redemption and other matters (including provision for a sinking fund), as the Treasury may determine.
(2)Any expenses incurred in connection with the issue or repayment of such stock shall be charged on and issued out of the [F2National Loans Fund].
(3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F3
(4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F4
(5). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F5
(6)Section forty-seven of the M1Finance Act 1942 (which empowers the Treasury to make regulations as respects the transfer and registration of stock and registered bonds of the descriptions specified in Part I of the Eleventh Schedule to that Act), and any regulations made under that section which are in force immediately before the passing of this Act, shall have effect as if such stock . . . F1 were included among the stocks mentioned in the said Part I and among the stocks to which the said regulations apply.
(7)Such stock shall be subject to the provisions of the M2National Debt Act 1870, so far as is consistent with the tenor of this Act.
F6[(8)Paragraphs 3 . . . F7 and 5 of the Second Schedule to the M3National Loans Act 1939 (which applies certain enactments to securities issued under that Act), shall have effect as if references to securities so issued included references to such stock.]
Textual Amendments
F1Words repealed by Coal Industry Act 1949 (c. 53), s. 6
F2Words substituted by National Loans Act 1968 (c. 13), Sch. 5
F3S. 33(3) repealed by National Loans Act 1968 (c. 13), Sch. 6 Pt. I
F4S. 33(4) repealed by Finance Act 1954 (c. 44), Sch. 6
F5S. 33(5), 34(2) repealed by National Loans Act 1968 (c. 13), Sch. 6 Pt. I
F6S. 33(8) repealed (5.11.1993) by 1993 c. 50, s. 1(1), 4(2)(c), Sch. 1 Pt. IX Group 1 (with effect so far as relating to stock registered in the National Savings Stock Register, on the coming into force of the first regulations made by virtue of section 3(1)(bb) of the National Debt Act 1972 (c. 65)).
F7Words repealed by Income Tax Act 1952 (c. 10), Sch. 25
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