War Loan Act 1914
| Jurisdiction | UK Non-devolved |
| Citation | 1914 c. 60 |
| Year | 1914 |
War Loan Act, 1914.
(4 & 5 Geo. 5.) CHAPTER 60.
An Act to provide for raising Money for the present War.
[28th August 1914]
Most Gracious Sovereign,
We , Your Majesty's most dutiful and loyal subjects, the Commons of the United Kingdom of Great Britain and Ireland in Parliament assembled, towards raising the necessary supplies granted to Your Majesty in this session of Parliament, have resolved that money be raised in manner provided by this Act; and do therefore most humbly beseech Your Majesty that it may be enacted; and 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 Power to raise money for the purposes of war.
(1) Any money required for raising the supply granted to His Majesty for the service of the year ending the thirty-first day of March nineteen hundred and fifteen, may be raised in such manner as the Treasury think fit, and for that purpose they may create and issue any securities by means of which any public loan has been raised or may be raised or such other securities bearing such rate of interest and subject to such conditions as to repayment, redemption, or otherwise as they think fit.
(2) The principal and interest of any sums so raised (including any annuities created for the purpose) and any sums required for defraying any expenses incurred in connexion with the raising of those sums shall be charged on the Consolidated Fund of the United Kingdom or the growing produce thereof.
(3) The powers given to the Treasury under this Act shall be in addition to, and not in derogation of, any other powers of the Treasury for the...
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