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EXCHEQUER AND FINANCIAL PROVISIONS ACT (NORTHERN IRELAND) 1950 - SECT 15

Ulster Savings Certificates.

15.(1) For the purposes of borrowing money the Ministry may issue Ulster
Savings Certificates subject to such conditions as to issue, redemption,
repayment, exchange, or otherwise, as may be prescribed from time to time.

(2) The Ministry may, by regulations made under the preceding sub-section,
make provision, as respects Ulster Savings Certificates, for any matter for
which provision may be made by regulations of the Treasury of the United
Kingdom, as respects savings certificates under any of the enactments set out
in the Second Schedule to this Act, and those enactments shall apply
accordingly.

Subs.(3) rep. by 1955 c.29 (NI) s.5 sch.3

(4) Regulations made under the said sub-section (1) may contain a provision
directing that all or any of those regulations shall, with such modifications
as appear necessary or expedient, apply and be deemed always to have applied
as respects Ulster Savings Certificates issued before the date on which the
regulations come into force as they apply to such Certificates issued after
that date.

(5) All regulations made under the said sub-section (1) shall, so soon as may
be after they are made, be laid before each House of Parliament. If either
House of Parliament, within the statutory period next after any regulation
made as aforesaid has been laid before such House, resolves that the
regulation shall be annulled, the regulation shall, after the date of the
resolution, be void, but without prejudice to the validity of anything
previously done thereunder or to the making of a new regulation.

(6) In this section the expression "statutory period" means ...

definition in 1954 c.33 (NI) s.41(2) substituted by 1979 NI 12 art.10

© 1950 Crown Copyright

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