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NATIONAL DEBT REDUCTION ACT 1866 - SECT 6

Provision for cancelling future annuities purchased by the application of donations or bequests.

6. In all future cases of purchases of capital stocks of annuities by the
application of donations and bequests monies, unless it is otherwise expressly
provided in every such donation or bequest respectively, such annuities shall
be at once cancelled by the Bank of England, on a direction from the
Commissioners for the Reduction of the National Debt, signified in writing
under the hand of the Comptroller General or Assistant Comptroller for the
time being of the National Debt Office.



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© 1866 Crown Copyright

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