National Debt (Supplemental) Act, 1888

Price of Government annuities to be calculated on basis of two and a half per cent. stock.

10 Geo. 4. c. 24.

1. References in the Government Annuities Act, 1829, to bank annuities, or to any class of bank annuities, bearing interest at the rate of three per cent. per annum shall, with espect to any annuities for lives or for terms of years granted under that Act after the passing of this Act, be construed as references to [2 bank annuities bearing interest at the rate of two and a half per cent. per annum].

[2 As from the 1st September 1903 for the words in brackets read “two and a half per cent. Consolidated Stock within the meaning of the National Debt (Conversion) Act, 1888.” See 3 Edw. 7. c. 46, s. 15.]