Revenue Act, 1906

Treasury bills.

40 & 41 Vict. c. 2.

55 & 56 Vict. c. 48.

10.(1) The period during which the power of the Treasury, under section six of the Treasury Bills Act, 1877, to raise money by the issue of Treasury bills for the purpose of paying off any such bills, may be exercised, shall be extended so as to include not only the financial year in which the bills are or are about to be paid off, but also a period of three months after the expiration of that financial year.

(2) The amount payable to the Bank of England under section three of the Bank Act, 1892, for the management in every financial year of Treasury bills shall be calculated at the rate of two hundred pounds for every million pounds of the maximum amount of bills outstanding at any one time during the financial year.