National Debt Act, 1870

SCHEDULES.

THE FIRST SCHEDULE.

Sect. 5 .

Stocks; Dividend Days; Redemption.

Denominations of the several Stocks of Perpetual Annuities.

Dates of Half-yearly Dividends.

Periods of Redemption.

Consolidated Three pounds per centum annuities.

5 January, 5 July -

At any time after passing of this Act, subject and according to regulation subjoined.

Reduced Three pounds per centum annuities.

5 April, 5 October -

At any time after passing of this Act, subject and according to regulation subjoined.

New Five pounds per centum annuities.

5 January, 5 July -

At any time after 5 January 1873.

New Three pounds per centum annuities.

5 April, 5 October -

At any time after 10 October 1874.

New Three pounds ten shillings per centum annuities.

5 January, 5 July -

At any time after 5 January 1894.

Two pounds ten shillings per centum annuities.

5 January, 5 July -

At any time after 5 January 1894.

Regulation.

The Consolidated Three pounds per centum annuities and the Reduced Three pounds per centum annuities respectively are redeemable as follows, namely :—At any time on one year's notice printed in the London Gazette, and affixed on the Royal Exchange in London, and on repayment by Parliament according to such notice of the several sums, or any part thereof, for which the said several annuities, or either of them, are or is payable, by payments not less than 500,000l. at one time, in manner directed by any Act to be passed, and also on full payment of all arrears of the same annuities. Then, and not till then, so much of the annuities as are attending on the principal sums so paid off shall cease, and be understood to be redeemed. Any vote or resolution of the House of Commons, signified by the Speaker in writing, inserted in the London Gazette, and affixed on the Royal Exchange in London, shall be deemed sufficient notice.