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NATIONAL DEBT (STOCKHOLDERS RELIEF) ACT 1892 - SECT 7

Loss or destruction of stock or scrip certificate.

7.(1) In the event of the loss or destruction of a stock certificate or scrip
certificate, the Bank, before authorising the issue of a duplicate, may
require:

(a)Evidence to the satisfaction of the Bank of the loss or destruction and
ownership of the certificate; and

(b)A delay of not more than one year from the date of the loss or destruction;
and

(c)The advertisement of the loss or destruction in two or more London or
Dublin daily papers (as the case requires); and

(d)Either the transfer of a sum of stock, of a description approved by the
Governor or Deputy Governor of the Bank, equivalent to the market value on the
day of transfer of the lost or destroyed certificate, and at least six and a
half years dividends thereon, into the joint names of the Governor and Deputy
Governor, by way of security; or the execution of a bond of indemnity in which
the owner shall be joined by one or more responsible persons.

(2) After the expiration of six years from the date of the transfer of the
stock, or of the execution of the indemnity, the person interested may, having
duly advertised the facts a second time in two or more London or Dublin daily
papers (as the case requires) request the Bank to release the stock or to
cancel the indemnity, and, on such request being complied with, any other
claimant shall not have any claim against the Bank, but shall have recourse
against the person who obtained the duplicate certificate.]

© 1892 Crown Copyright

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