High Court (Transfer of Money and Securities to General Revenue) Act 1976


Published: 2012-09-01

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now for only USD$20 per month, or Get a Day Pass for only USD$4.99.
High Court (Transfer of Money and Securities to General Revenue) Act 1976

c i e
AT 18 of 1976

HIGH COURT (TRANSFER OF MONEY

AND SECURITIES TO GENERAL

REVENUE) ACT 1976

High Court (Transfer of Money and Securities to General Revenue) Act 1976 Index


c AT 18 of 1976 Page 3

c i e
HIGH COURT (TRANSFER OF MONEY AND

SECURITIES TO GENERAL REVENUE) ACT 1976

Index Section Page

1 Transfer of certain money and securities to the Treasury ......................................... 6
2 Short title and commencement ..................................................................................... 6
ENDNOTES 7

TABLE OF LEGISLATION HISTORY 7
TABLE OF RENUMBERED PROVISIONS 7
TABLE OF ENDNOTE REFERENCES 7

High Court (Transfer of Money and Securities to General Revenue) Act 1976 Section 1


c AT 18 of 1976 Page 5

c i e
HIGH COURT (TRANSFER OF MONEY AND

SECURITIES TO GENERAL REVENUE) ACT 1976

Received Royal Assent: 23 July 1976
Passed: 19 October 1976
Commenced: 19 October 1976
AN ACT
to transfer certain sums of money and securities from the High Court
to the Treasurer for the credit of the General Revenue, and for connected
purposes.
WHEREAS
, at the end of 1975, there were in the High Court certain cash balances on
deposit with the National Westminster Bank Limited, namely —
(a) the sum of £37.36 to the credit of the Unclaimed Dividend
Account,
(b) the sum of £57.46 to the credit of the Unclaimed Balances
Account; and
(c) the sum of £1,473.45 to the credit of the High Court Interest
Account:
AND WHEREAS
there are lodged in the General Registry certain securities in the
name of the Clerk of the Rolls for the time being, namely —
(a) £1,208.31 61/2% Treasury Loan 1976 (repayable at par on the 15th
August 1976) representing the investment of money previously
accumulated in the said Unclaimed Dividend Account;
(b) £4,940.17 61/2% Treasury Loan 1976 (repayable at par on the 15th
August 1976) representing the investment of money previously
accumulated in the said Unclaimed Balances Account; and
(c) the following securities, that is to say —
(i) £6,850 61/2 % Treasury Loan 1976 (repayable at par on 15th
August 1976);
(ii) £400 9% Treasury Loan 1994;
(iii) £4,600 51/2% Funding Stock 1982-1984,
representing the investment of money previously accumulated in
the said High Court Interest Account:
Section 1 High Court (Transfer of Money and Securities to General Revenue)
Act 1976


Page 6 AT 18 of 1976 c

AND WHEREAS
it is desirable that the said cash balances and securities (or the
proceeds thereof) should be transferred to the Treasurer for the credit of the General
Revenue of the Island:
1 Transfer of certain money and securities to the Treasury

(1) [Repealed]1

(2) If, at any time hereafter, a valid claim is established to the satisfaction of
the Clerk of the Rolls by any person to any part of the money or
securities transferred to the Treasury under subsection (1) above, that
claim shall be paid out of money provided by Tynwald.2

2 Short title and commencement

(1) This Act may be cited as the High Court (Transfer of Money and
Securities to General Revenue) Act 1976.
(2) This Act shall come into operation when the Royal Assent thereto has
been by the Governor announced to Tynwald and a certificate thereof
has been signed by the Governor and the Speaker of the House of Keys.
High Court (Transfer of Money and Securities to General Revenue) Act 1976 Endnotes


c AT 18 of 1976 Page 7

ENDNOTES

Table of Legislation History

Legislation Year and No Commencement






Table of Renumbered Provisions

Original Current






Table of Endnote References

1
Subs (1) repealed by Treasury Act 1985 Sch 3. 2
Subs (2) amended by Treasury Act 1985 Sch 2.