Savings Bank Act, 1828

Treasury may issue Exchequer bills on application of commissioners for payments to savings banks or friendly societies.

55. It shall and may be lawful for the said commissioners, or for the proper officer or officers of the said commissioners, from time to time, to make application to the Treasury, stating and certifying what sum of money may be required for satisfying any demands which shall from time to time be made upon the said commissioners for the reduction of the national debt by the trustees of any savings bank or friendly society in England or Ireland, and thereupon it shall and may be lawful for the Treasury, in case they shall think fit and proper so to do, by warrant, to cause or direct any number of Exchequer bills to be made out at the receipt of his Majesty's Exchequer in Great Britain, for such sum or sums of money as shall be from time to time stated and certified in any such application of the said commissioners, or their officer or officers under the direction of the said commissioners, or for any part of any such sum or sums;