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Amendment of 38 & 39 Vict. c. 45, s. 5, as to application of old sinking fund.
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5. [Preamble recites 45 & 46 Vict. c. 72, s. 21, and refers to the capital debt due from the National Debt Commissioners to friendly societies (in this section referred to as the friendly societies debt).]
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The old sinking fund, in addition to the mode of application authorised by the Sinking Fund Act, 1875, and any Act amending the same, may be applied in payment to the National Debt Commissioners of the friendly societies debt or any part thereof, and the provisions of that section with respect to the investment of money in the hands of the National Debt Commissioners on account of friendly societies shall apply to the investment of any money paid to them in pursuance of this section.
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