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	Statutes of Northern Ireland
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CONSOLIDATED FUND (PERMANENT CHARGES REDEMPTION) ACT 1883

CONSOLIDATED FUND (PERMANENT CHARGES REDEMPTION) ACT 1883 - LONG
TITLE

An Act to amend the Consolidated Fund (Permament Charges Redemption)
Act, 1873.
[20th March 1883]
Preamble rep. by SLR 1898

CONSOLIDATED FUND (PERMANENT CHARGES REDEMPTION) ACT 1883 - SECT 1
Construction of Act and short title.

1. This Act shall be construed as one with the Consolidated Fund
(Permanent Charges Redemption) Act, 1873.

This Act may, together with that Act, be cited as the Consolidated
Fund (Permanent Charges Redemption) Acts, 1873 and 1883, and may be
cited, alone, as the Consolidated Fund (Permanent Charges Redemption)
Act, 1883.

CONSOLIDATED FUND (PERMANENT CHARGES REDEMPTION) ACT 1883 - SECT 2
Advance of redemption money by National Debt Commissioners and
repayment by terminable annuity.

2.(1) The Treasury may from time to time borrow from the National
Debt Commissioners, and those Commissioners may lend out of the
funds in their hands on account of [trustee savings banks and
National Savings Bank], such capital sum or such Government
securities as may be necessary for the purpose of carrying into
effect any contract made in pursuance of the Consolidated Fund
(Permanent Charges Redemption) Act, 1873, for the redemption of any
annuity as defined by that Act.

(2) For the purpose of repaying any such loan, the Treasury may
create, in favour of the National Debt Commissioners, a terminable
annuity for the period of ten years from the date of the loan, to
be calculated with interest at the rate of not less than three and
a quarter per cent. per annum.

(3) Such annuity shall be notified by certificate under the hand of
the Comptroller or Assistant Comptroller, and the Actuary of the
National Debt Office, and shall be charged upon the Consolidated
Fund....

S.3 rep. by SLR 1898