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Exchequer bills to be advertised for payment annually.
Bills to continue to have legal currency until paid off or exchanged for new ones.
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8. The Treasury shall, on some day not later than ten days prior to the expiration of each twelve months from the respective dates of such Exchequer bills, during their legal currency, give notice in the London Gazette of the day or days on which, if claimed, payment will be made to the holders of such bills of the principal moneys therein contained, and of the day or days on which such claim must be made, by delivery of the said bills for examination; and such payment shall be made to such holders at the Bank of England, under such regulations as the Treasury shall prescribe; and if payment of such principal moneys shall not be so claimed, then the Exchequer bills not so paid off shall continue to have legal currency for the next following twelve months, and so on from year to year, until such principal moneys shall be claimed by and paid to such holders, or until such Exchequer bill, the coupons of which shall be exhausted, shall be exchanged for new bills, as herein-after provided; but such holders shall have no title to claim payment of such principal moneys at any interval of time between the times fixed by such yearly notices, except as provided in section nine of this Act.
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