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PARLIAMENTARY DEPOSITS AND BONDS ACT 1892 - SECT 2 

Power to cancel bonds.

2. Where in pursuance of any general or special Act of Parliament any bond has
been given to secure the completion of any undertaking authorised by
Parliament, or by any certificate issued under the authority of an Act of
Parliament, and the undertaking has not been completed within the time limited
in that behalf, the money thereby secured shall be applicable to the same
purposes as the deposit fund hereinbefore mentioned, and the Treasury may, if
they think fit, cancel the bond on proof to their satisfaction that the money
thereby secured has been applied or is not required for those purposes.

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© 1892 Crown Copyright

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