National Debt (Conversion) Act, 1888

Part III.

Ways and Means.

Creation of new stock.

11. The Treasury may at any time, and from time to time, by warrant addressed to the Bank, direct the creation of such amounts of new stock as may be required to replace stock converted or exchanged under this Act, or to raise money for paying off such holders of new three per cent. stock as dissent from the conversion thereof.