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NATIONAL DEBT ACT 1870 - SECT 34 

Rules as to coupons.

34. The coupons annexed to a stock certificate shall comprise the dividends to
be payable in respect of the stock therein described, for not less than five
years from the date of the certificate.

At the expiration of that period fresh coupons shall be issued for a further
period of not less than five years, and so for successive periods of not less
than five years each, during the continuance in force of the stock
certificate.

But the Bank of England or of Ireland may, if they think fit, in lieu of
issuing fresh coupons in respect of a stock certificate, give in exchange a
fresh stock certificate with coupons annexed.

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© 1870 Crown Copyright

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