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Mode of issue of Exchequer bills.
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6.1 It shall be lawful for the Treasury, by warrant under their hands, countersigned by the Comptroller and Auditor General, to authorize and direct the Bank of England from time to time to issue and deliver such amount and number of Exchequer bills as shall be prepared in pursuance of any Act of Parliament to such person or officer as may be named in such warrant, and such person or officer shall thereafter become chargeable and be charged with such amount of Exchequer bills as may be delivered to him, subject to such directions as may be issued to him by the Treasury for the sale and application of the proceeds of such Exchequer bills, or for delivering such bills in exchange for other bills, as herein-after enacted; and such person or officer shall be discharged from all account in respect of such Exchequer bills on proving to the satisfaction of the Comptroller and Auditor General that he has duly obeyed the directions of the Treasury: Provided always, that the Treasury shall not be so authorized to direct the issue of such Exchequer bills to such person or officer except for the purpose of raising money to be paid to the account of Her Majesty's Exchequer at the Bank of England, and carried to the account of the Consolidated Fund, or to be exchanged for other Exchequer bills to be cancelled.
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