Government Annuities Act, 1853

Life Annuities under this Act, and Payments at Death, to be carried to separate Accounts.

XVIII. All Life Annuities, of whatsoever Kind, which shall be purchased and granted under the Provisions of this Act, (whether such Life Annuities shall commence immediately or not,) and all Payments at Death, shall, in their due Course as the same shall fall due and become payable, be carried to a new and separate Account in the Books of the said Commissioners for the Reduction of the National Debt.