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CONSOLIDATED FUND (PERMANENT CHARGES REDEMPTION) ACT 1873 - SECT 5

Miscellaneous provisions.

5. Where any doubt exists either as to whether a person to whom an annuity for
the time being is payable is or is not a limited owner, or as to the title of
a person to any annuity, the contract may be assented to, the money paid, and
other proceedings under this Act had, as if the person to whom such annuity is
payable were a limited owner.

Any power vested by this Act in the [High Court] may be exercised by a judge
thereof sitting at chambers.

Any contract made in pursuance of this Act may, if it is so agreed, provide
for the redemption of an annuity by the transfer of any Government securities
instead of the payment of a sum of money; and the provisions of this Act shall
be construed accordingly, with the necessary modifications.

The average price of Government securities shall be determined according to
the average price stated in the account sent by the Bank of England to the
Commissioners for the Reduction of the National Debt, in pursuance of any Act
of Parliament.

© 1873 Crown Copyright

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