Explanatory Note

(This note is not part of the Order)

This Order specifies gilt-edged securities disposals of which are exempt from tax on chargeable gains in accordance with section 115 of the Taxation of Chargeable Gains Act 1992 (“the 1992 Act”).

Other gilt-edged securities disposals of which are exempt from tax on chargeable gains in accordance with section 115 of the 1992 Act are specified in Part II of Schedule 9 to the 1992 Act and in S.I. 1993/950, 1994/2656, 1996/1031 and 2001/1122, and are listed below.

Stocks and bonds charged on the National Loans Fund

2½%Annuities 1905 or after
2¾%Annuities 1905 or after
2½%Consolidated Stock 1923 or after
3½%War Loan 1952 or after
4%Consolidated Loan 1957 or after
3½%Conversion Loan 1961 or after
3%Treasury Stock 1966 or after
2½%Treasury Stock 1975 or after
12¾%Treasury Loan 1992
8%Treasury Loan 1992
10%Treasury Stock 1992
3%Treasury Stock 1992
12¼%Exchequer Stock 1992
13½%Exchequer Stock 1992
10½%Treasury Convertible Stock 1992
2%Index-Linked Treasury Stock 1992
12½%Treasury Loan 1993
6%Funding Loan 1993
13¾%Treasury Loan 1993
10%Treasury Loan 1993
8¼%Treasury Stock 1993
14½%Treasury Loan 1994
12½%Exchequer Stock 1994
9%Treasury Loan 1994
10%Treasury Loan 1994
13½%Exchequer Stock 1994
8½%Treasury Stock 1994
8½%Treasury Stock 1994 “A”
2%Index-Linked Treasury Stock 1994
3%Exchequer Gas Stock 1990-95
12%Treasury Stock 1995
10¼%Exchequer Stock 1995
12¾%Treasury Loan 1995
9%Treasury Loan 1992-96
15¼%Treasury Loan 1996
13¼%Exchequer Loan 1996
14%Treasury Stock 1996
2%Index-Linked Treasury Stock 1996
10%Conversion Stock 1996
10%Conversion Stock 1996 “A”
10%Conversion Stock 1996 “B”
13¼%Treasury Loan 1997
10½%Exchequer Stock 1997
8¾%Treasury Loan 1997
8¾%Treasury Loan 1997 “B”
8¾%Treasury Loan 1997 “C”
8¾%Treasury Loan 1997 “D”
8¾%Treasury Loan 1997 “E”
15%Exchequer Stock 1997
7%Treasury Convertible Stock 1997
6¾%Treasury Loan 1995-98
15½%Treasury Loan 1998
12%Exchequer Stock 1998
12%Exchequer Stock 1998 “A”
9¾%Exchequer Stock 1998
9¾%Exchequer Stock 1998 “A”
7¼%Treasury Stock 1998 “A”
7¼%Treasury Stock 1998 “B”
12%Exchequer Stock 1998 “B”
4⅝%Index-Linked Treasury Stock 1998
7¼%Treasury Stock 1998
9½%Treasury Loan 1999
10½%Treasury Stock 1999
12¼%Exchequer Stock 1999
12¼%Exchequer Stock 1999 “A”
12¼%Exchequer Stock 1999 “B”
2½%Index-Linked Treasury Convertible Stock 1999
10¼%Conversion Stock 1999
6%Treasury Stock 1999
Floating RateTreasury Stock 1999
9%Conversion Stock 2000
9%Conversion Stock 2000 “A”
9%Conversion Stock 2000 “B”
9%Conversion Stock 2000 “C”
8½%Treasury Loan 2000
8%Treasury Stock 2000
8%Treasury Stock 2000 “A”
13%Treasury Stock 2000
13%Treasury Stock 2000 “A”
7%Treasury Stock 2001
7%Treasury Stock 2001 “A”
14%Treasury Stock 1998-2001
2½%Index-Linked Treasury Stock 2001
9¾%Conversion Stock 2001
10%Treasury Stock 2001
9½%Conversion Loan 2001
10%Treasury Stock 2001 “A”
10%Treasury Stock 2001 “B”
Floating RateTreasury Stock 2001
12%Exchequer Stock 1999-2002
12%Exchequer Stock 1999-2002 “A”
9½%Conversion Stock 2002
10%Conversion Stock 2002
9%Exchequer Stock 2002
7%Treasury Stock 2002
9¾%Treasury Stock 2002
9¾%Treasury Stock 2002 “A”
9¾%Treasury Stock 2002 “B”
9¾%Treasury Stock 2002 “C”
13¾%Treasury Stock 2000-2003
13¾%Treasury Stock 2000-2003 “A”
2½%Index-Linked Treasury Stock 2003
9¾%Conversion Loan 2003
6½%Treasury Stock 2003
8%Treasury Stock 2003
8%Treasury Stock 2003 “A”
10%Treasury Stock 2003
10%Treasury Stock 2003 “A”
10%Treasury Stock 2003 “B”
3½%Funding Stock 1999-2004
11½%Treasury Stock 2001-2004
9½%Conversion Stock 2004
10%Treasury Stock 2004
6¾%Treasury Stock 2004
5%Treasury Stock 2004
6¾%Treasury Stock 2004 “A”
43/8%Index-Linked Treasury Stock 2004
9½%Conversion Stock 2004 “A”
12½%Treasury Stock 2003-2005
12½%Treasury Stock 2003-2005 “A”
10½%Exchequer Stock 2005
9½%Conversion Stock 2005
9½%Conversion Stock 2005 “A”
8½%Treasury Stock 2005
8%Treasury Loan 2002-2006
8%Treasury Loan 2002-2006 “A”
2%Index-Linked Treasury Stock 2006
9¾%Conversion Stock 2006
7½%Treasury Stock 2006
7¾%Treasury Stock 2006
11¾%Treasury Stock 2003-2007
11¾%Treasury Stock 2003-2007 “A”
7¼%Treasury Stock 2007
8½%Treasury Loan 2007
8½%Treasury Loan 2007 “A”
8½%Treasury Loan 2007 “B”
8½%Treasury Loan 2007 “C”
13½%Treasury Stock 2004-2008
9%Treasury Loan 2008
9%Treasury Loan 2008 “A”
9%Treasury Loan 2008 “B”
9%Treasury Loan 2008 “C”
9%Treasury Loan 2008 “D”
2½%Index-Linked Treasury Stock 2009
5¾%Treasury Stock 2009
8%Treasury Stock 2009
8%Treasury Stock 2009 “A”
6¼%Treasury Stock 2010
2½%Index-Linked Treasury Stock 2011
9%Conversion Loan 2011
9%Conversion Loan 2011 “A”
9%Conversion Loan 2011 “B”
9%Conversion Loan 2011 “C”
9%Conversion Loan 2011 “D”
5½%Treasury Stock 2008-2012
9%Treasury Stock 2012
9%Treasury Stock 2012 “A”
2½%Index-Linked Treasury Stock 2013
8%Treasury Stock 2013
7¾%Treasury Loan 2012-2015
8%Treasury Stock 2015
8%Treasury Stock 2015 “A”
2½%Treasury Stock 1986-2016
2½%Index-Linked Treasury Stock 2016
2½%Index-Linked Treasury Stock 2016 “A”
12%Exchequer Stock 2013-2017
8¾%Treasury Stock 2017
8¾%Treasury Stock 2017 “A”
2½%Index-Linked Treasury Stock 2020
8%Treasury Stock 2021
2½%Index-Linked Treasury Stock 2024
6%Treasury Stock 2028
4⅛%Index-Linked Treasury Stock 2030
4¼%Treasury Stock 2032

Securities issued by certain public corporations and guaranteed by the Treasury

3%North of Scotland Electricity Stock 1989-92