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2.—(1) An invitation to tender for Treasury bills shall be given by notice in the London Gazette not less than two clear days before the date on which tenders are to be delivered, and such notice shall specify—
(a)the date on which, and the place at which, tenders are to be delivered, and
(b)the period for which, and the terms and conditions subject to which, the bills are to be issued.
(2) Tenders for Treasury bills shall be in a form approved by the Treasury and shall be opened at the Bank of England in the presence of such person or persons as may from time to time be appointed by the Treasury.
(3) The Treasury may refuse any tender if they think fit.
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