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Substitution of terminable annuities for cancelled capital stock.
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4. The Treasury may in like manner, from time to time, when they shall consider it advantageous for the public service, direct the cancelling of such further amounts of capital stocks of annuities held by the Commissioners for the Reduction of the National Debt for Post Office savings banks as they shall consider expedient, and may substitute equivalent terminable annuities under the provisions of this Act in lieu of the capital stocks of annuities so cancelled.
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