Fiduciary Note Issue (Extension of Period) Order 1966

JurisdictionUK Non-devolved
CitationSI 1966/207

1966 No. 207

CURRENCY AND BANK NOTES

The Fiduciary Note Issue (Extension of Period) Order 1966

28thFebruary 1966

4thMarch 1966

14thMarch 1966

The Treasury, in exercise of the powers conferred upon them by section 2(7) of the Currency and Bank Notes Act 1954(a) and of all other powers enabling them in that behalf, hereby make the following Order:—

1. The period of two years during which, by virtue of section 2(7) of the Currency and Bank Notes Act 1954, the fiduciary note issue may stand at amounts continuously exceeding fifteen hundred and seventy-five million pounds, as extended by the Fiduciary Note issue (Extension of Period) Order 1964(b), shall be further extended by a period of two years beginning with the 14th March 1966.

2. The Fiduciary Note issue (Extension of Period) Order 1964 is hereby revoked.

3. The Interpretation Act 1889(c) shall apply for the interpretation of this Order as it applies for the interpretation of an Act of Parliament.

4. This Order may be cited as the Fiduciary Note issue (Extension of Period) Order 1966 and shall come into operation on the 14th March 1966.

John Silkin, J. McCann, Two of the Lords Commissioners of Her Majesty's Treasury.

28th February 1966.

(a) 2 & 3 Eliz. 2. c. 12.

(b) S.I. 1964/253 (1964 I, p. 451).

(c) 52 & 53 Vict. c. 63.

EXPLANATORY NOTE

(This Note is not part of the Order.)

This Order extends for a further two years the period during...

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