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Statutes of Northern Ireland |
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You are here: BAILII >> Databases >> Statutes of Northern Ireland >> URL: http://www.bailii.org/nie/legis/num_act/ndra226.txt |
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NATIONAL DEBT REDUCTION ACT NATIONAL DEBT REDUCTION ACT - LONG TITLE An Act for further regulating the Reduction of the National Debt.{1} [26th March 1823] Preamble rep. by SLR 1890 Ss.17 rep. by SLR 1873 NATIONAL DEBT REDUCTION ACT - SECT 8 Sums given or bequeathed for reduction of national debt to be carried to a separate account. 8.. . . A new and separate account shall be raised in the books of the commissioners for the reduction of the national debt, and in the books of the governor and company of the Bank of England, under the title of "The Account of Donations and Bequests towards reducing the National Debt"; and the said governor and company are hereby required to cause... any sum or sums to be carried to the said new account, which may hereafter be given for the like purpose; and the interest or dividends, which shall accrue from time to time on all stock standing on the said account, shall be applied from time to time to the purchase of the public annuities composing the national debt, for the purpose of fulfilling the directions of the person or persons giving or bequeathing the said sums, and to no other purpose whatsoever. Ss.9, 10 rep. by SLR 1873 NATIONAL DEBT REDUCTION ACT - SECT 11 Commissioners shall prepare an account conformable to this Act. 11. The said commissioners shall cause an account to be prepared, containing a statement of all sums received and applied by them towards the reduction of the national debt, in every year ending on the fifth day of January in each year. S.12 rep. by SLR 1950. S.13 rep. by SLR 1898. S.14 rep. by SLR 1873