National Debt Act 1870

1. Introductory Text

2. PART I PRELIMINARY

   1. 1. Short title.

   2. 2. Division of Act into parts.

   3. 3. Interpretation of terms.

   4. 4. Effect of schedules.

3. PART II DENOMINATIONS AND INCIDENTS OF STOCK

   1. 5. Continuance of existing permanent funded debt on existing terms.

   2. 6. Stock charged on consolidated fund.

   3. 7. Stock free from taxes.

   4. 8. Interests in stock indefeasible.

   5. 9. Stock personal estate.

   6. 10. Stock free from attachment.

   7. 11. Annuities to be several joint stocks.

4. PART III PAYMENT of DIVIDENDS

   1. 12. Money for payment to be issuable.

   2. 13. Banks to have chief cashier and accountant general.

   3. 14. Issue by Treasury.

   4. 15. Application of issues by cashier

   5. 16. Accounting by cashier, &c.

   6. 17. Receipt of dividends by executors.

   7. 18. Evidence title to dividend.

   8. 19. Dividends in case of infancy, &c, of a joint stockholder.

   9. 20. Dividend warrants by post.

   10. 21. Effect of posting a warrant.

5. PART IV TRANSFER

   1. 22. Mode of transfer.

   2. 23. Transfer by executors, &c.

   3. 24. Evidence of title on transfer.

   4. 25. Closing of transfer books for dividend.

6. PART V STOCK CERTIFICATES

   1. 26. Certificate of title to stock.

   2. 27. Descriptions of stock for which certificates may be issued.

   3. 28. Limitation of amount of certificate.

   4. 29. Restriction on trustees taking stock certificates.

   5. 30. No notice of trust.

   6. 31. Stock in certificate outstanding not transferable.

   7. 32. Distinction between stock certificates to bearer and nominal certificates.

   8. 33. Nominee in a nominal certificate not entitled to have it renewed as nominal.

   9. 34. Rules as to coupons.

   10. 35. Payment coupons.

   11. 36. Income tax.

   12. 37. Fees in respect of dealing with stock under this part.

   13. 38. Loss or destruction of certificate or coupon.

   14. 39. General regulations with respect to stock certificates and coupons.

   15. 40. Remuneration to Banks.

   16. 41. Stock in certificate to have incidents of other stock, except as to transfer, &c.

   17. 42. Application of this part to stock certificates already issued, &c.

7. PART VI TRANSFER BETWEEN ENGLAND AND IRELAND

   1. 43. Application for transfer between England and Ireland.

   2. 44. Restriction on transfer before closing of books.

   3. 45. Notices of transfers to and by National Debt Commissioners.

   4. 46. Stock transferred to National Debt Commissioners to be cancelled.

   5. 47. Transfer books to be kept by Banks.

   6. 48. Bank to whom transfer made to write stock into their books.

   7. 49. Loss or destruction of certificate.

   8. 50. Application of this part to terminable annuities.

8. PART VII UNCLAIMED DIVIDENDS

   1. 51. Transfer of unclaimed stock to National Debt Commissioners.

   2. 52. List of names from which stock transferred.

   3. 53. Mode of transfer.

   4. 54. Subsequent dividends on stock transferred to be invested, &c.

   5. 55. Re-transfer and payment to person showing title.

   6. 56. Three months notice before re-transfer or payment.

   7. 57. Advertisements before re-transfer or payment.

   8. 58. Application to court to rescind order.

   9. 59. Bank not responsible to second claimant.

   10. 60. Order in favour of second claimant showing title.

   11. 61. Payment of unclaimed dividends to National Debt Commissioners.

   12. 62. Unclaimed stock in stock certificates and unclaimed coupons.

   13. 63. Investigation of circumstances of unclaimed dividends.

   14. 64. Allowance of expenses to Bank.

   15. 65. Payment of compensation allowed.

   16. 66. Indemnity to Banks.

   17. 67. Application of this part to stock already-transferred, &c.

   18. 68. Application of this part to terminable annuities.

9. PART VIII MISCELLANEOUS

   1. 69. Yearly payment to National Debt Commissioners in respect of 2l. 10s. per cents.

   2. 70. No fee for paying dividends, &c.; penalty.

   3. 71. Stamp duty.

   4. 72. Continuance of Bank of England.

   5. 73. Extension of provisions as to execulors, &c, to all stocks, &c.

   6. 74. Protection to Banks.

10. 1. THE FIRST SCHEDULE

       1. REGULATION.

    2. THE SECOND SCHEDULE

       Enactments referred to

       1. PART I

       2. PART II

       3. PART III

       4. PART IV

    3. THE THIRD SCHEDULE

       Enactments referred to

       1. Fees as to Stock Certificates