Government and other Stocks (Emergency Provisions) Act 1939
| Jurisdiction | UK Non-devolved |
| Citation | 1939 c. 100 |
Government and other Stocks (Emergency Provisions) Act, 1939
(2 & 3 Geo. 6.) CHAPTER 100.
An Act to make temporary provision for rendering inscribed stocks transferable by instrument in writing, and for extending, in certain circumstances arising from war, the time limited by the National Debt Act, 1870, for the payment of coupons.
[7th September 1939]
Be it enacted by the King's most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same, as follows:—
1 Transfer by instrument in writing of inscribed stock.
(1) This section shall apply to any stock which is for the time being, apart from this section, transferable in law by entry in the books of the Bank of England, in a register kept in Great Britain under the Colonial Stock Act, 1877 , or in any other books or register kept in Great Britain, and not otherwise (in this Act referred to as ‘inscribed stock’).
(2) Inscribed stock shall not be transferable in law by entry as aforesaid, but shall be transferable in law by instrument in writing in any usual or common form executed by all parties to the transfer, and delivered to and retained by the Bank of England, the registrar under the Colonial Stock Act, 1877, or other the person keeping the books or register in which the stock is inscribed, as the case may be.
(3) A transfer of inscribed stock made in the mode specified in the last preceding subsection shall be completed in the manner in which a transfer thereof made in the mode in which the stock would have been transferable in law apart from this section would have been required to be completed, and no register certificate or other similar document shall be issued on the completion of the transfer; but this subsection shall have effect without prejudice, in the case of inscribed stock as to which provision for rendering the stock transferable in law by deed or instrument in writing is made by the enactments or other provisions by which the transfer thereof is regulated, to the right of any person to avail himself of such provision on the occasion of the transfer or thereafter.
(4) The Bank of England, the registrar under the Colonial Stock Act, 1877, or other the person keeping the books or register in which the stock is inscribed, shall be entitled, as a condition of the completion of a transfer of inscribed stock...
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