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CONSOLIDATED FUND (PERMANENT CHARGES REDEMPTION) ACT 1873 - SECT 3

Payment of money and cesser of annuity.

3. The money for the redemption of the annuity,... where the owner is a
limited owner shall, and in any case where the owner is not a limited owner
may be [paid into the Supreme Court], and shall be applied by or under the
direction of... [the High Court]... for the benefit of the person entitled
thereto.

As soon as any money is paid in pursuance of any contract for the redemption
of any annuity, that annuity shall cease to be charged on and payable out of
the Consolidated Fund, or moneys provided by Parliament, so, however, that any
proportionate part of such annuity which may be due up to the time of such
payment shall be paid to the person entitled thereto.

© 1873 Crown Copyright

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