Fiduciary Note Issue (Extension of Period) Order 1982

JurisdictionUK Non-devolved
CitationSI 1982/198

1982 No. 198

CURRENCY AND BANK NOTES

The Fiduciary Note Issue (Extension of Period) Order 1982

18thFebruary 1982

19thFebruary 1982

14thMarch 1982

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. This Order may be cited as the Fiduciary Note Issue (Extension of Period) Order 1982, and shall come into operation on 14th March 1982.

2. 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 1980(b), shall be further extended by a period of two years beginning with 14th March 1982.

3. The Fiduciary Note Issue (Extension of Period) Order 1980 is hereby revoked.

P. L. Brooke, J. A. Cope, Two of the Lords Commissioners of Her Majesty's Treasury.

18th February 1982.

(a) 1954 c. 12.

(b) S.I. 1980/192.

EXPLANATORY NOTE

(This Note is not part of the Order.)

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

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