National Debt Reduction Act 1866 (1866 c. 11)

1 Short title.

This Act may be cited for all purposes as “The National Debt Reduction Act 1866.”

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[F1] S. 2 repealed by Statute Law Revision Act 1870 (c. 69)

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[F2] S. 3 repealed by Miscellaneous Financial Provisions Act 1955 (4 and 5 Eliz. 2 c. 6) Sch. 2 Pt. III

4–5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

[F3] Ss. 4, 5 repealed by Statute Law Revision Act 1975 (c. 66)

6 Provision for cancelling future annuities.

In all future cases of purchases of capital stocks of annuities by the application of donations and bequests monies, unless it be otherwise expressly provided in every such donation or bequest respectively, such annuities shall be at once cancelled by the Bank of England, on a direction from the Commissioners for the Reduction of the National Debt, signified in writing under the hand of the Comptroller General or Assistant Comptroller for the time being of the National Debt Office.