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Fiduciary Note Issue (Extension of Period) Order, 1960

As Enacted Cited authorities 5 Cited in Related
Vincent
JurisdictionUK Non-devolved
CitationSI 1960/327

1960 No. 327

CURRENCY AND BANK NOTES

The Fiduciary Note Issue (Extension of Period) Order, 1960

29thFebruary 1960

4thMarch 1960

14thMarch 1960

The Lords Commissioners of Her Majesty's Treasury, in exercise of the powers conferred upon them by subsection (7) of section 2 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 subsection (7) of section 2 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, 1958(b), shall be further extended by a period of two years beginning with the fourteenth day of March, nineteen hundred and sixty.

2. The Fiduciary Note Issue (Extension of Period) Order, 1958, 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, 1960, and shall come into operation on the fourteenth day of March, nineteen hundred and sixty.

P. E. O. Bryan, Michael Hughes-Young, Two of the Lords Commissioners of Her Majesty's Treasury.

Dated this 29th day of February, nineteen hundred and sixty.

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

(b) S.I. 1958/326 (1958 I, p. 398).

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

EXPLANATORY NOTE

(This note does not...

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