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Fiduciary Note Issue (Extension of Period) Order 1970

As Enacted Cited authorities 4 Cited in Related
Vincent
JurisdictionUK Non-devolved
CitationSI 1970/281
Year1970

1970 No. 281

CURRENCY AND BANK NOTES

The Fiduciary Note Issue (Extension of Period) Order 1970

24thFebruary 1970

2ndMarch 1970

14thMarch 1970

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 1970, and shall come into operation on 14th March 1970.

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

3. 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 1968(c), shall be further extended by a period of two years beginning with 14th March 1970.

4. The Fiduciary Note Issue (Extension of Period) Order 1968 is hereby revoked.

Joseph Harper, Ernest Armstrong, Two of the Lords Commissioners of Her Majesty's Treasury.

24th February 1970.

(a) 1954 c. 12.

(b) 1889 c. 63.

(c) S.I. 1968/259 (1968 I, p. 778).

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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