Finance Act, 1922
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Power to borrow moneys required for certain sinking funds. 9&10 Geo. 5. c. 37. |
40. —(1) The Treasury may at any time, if they think fit, raise money in the same manner in which they are authorised to raise money under subsection (1) of section one of the War Loan Act, 1919, for any of the following purposes, that is to say:— | |
(a) for providing during the financial year ending the thirty-first day of March, nineteen hundred and twenty-three, for the issue out of the Consolidated Fund of the sums to be issued thereout under section forty-five of the Finance Act, 1921 , for the purposes of the sinking fund established under that section in connection with the three and one-half per cent. Conversion Loan; and | ||
(b) for providing during the said financial year such sums as are required in connection with four per cent. Victory Bonds, or stock or bonds forming part of the four per. cent. Funding Loan, 1960-1990, which are transferred in satisfaction of death duties, or as are required under section two-of the War Loan Act, 1919, to be issued to the National Debt Commissioners for the purposes of the sinking funds established in pursuance of that section in connection with the four per cent. Victory Bonds and four per cent. Funding Loan,. 1960-1990; and | ||
(c) for providing for the repayment to the Consolidated Fund of all or any part of the sums issued out of that fund for the purposes aforesaid. | ||
(2) This section shall he construed as one with section one of the War Loan Act, 1919, and the provisions of that section shall have effect accordingly. |