Government Securities (Confirmation of Undertaking) Act

Link to law: http://www.moj.gov.jm/laws/government-securities-confirmation-undertaking-act
Published: 1962-08-06

GOVERNMENT SECURITIES (CONFIRMATION
OF UNDERTAKING)

1

GOVERNMENT SECURITIES (CONFIRMATION Ad 1462.
OF UNDERTAKING) ACT

[8th December, 1962.1

1. This Act may be cited as the Government Securities short title.
(Confirmation of Undertaking) Act.

2. In this Act “the Undertaking” means the Under- Interprets.
tion.
Schedule.

Confirma-
tion of
Under-
taking.

taking set out in the Schedule.

3. The Undertaking is hereby confirmed.

me inclusion of this page is authorized by L.N. 480/1973]

2 GOVERNMENT SECURITIES (CONFIRMATION
OF UNDERTAKZNC)

SCHEDULE (Section 2)

UNDERTAKING OF THE G~VBRNMENT OF JAMAICA IN REGARD TO
JAMAICA GOVERNMENT SECURITIES

1. This undertaking applies to all securities created or issued prior
to the 6th August, 1962, in the United Kingdom on behalf of the
Government of Jamaica in which a trustee might at any time have
invested by virtue of section 2 of the United Kingdom Colonial Stock
Act, 1900. each and all of which securities are hereinafter referred to
as “Jamaica Government Securities”.

2. The Government of Jamaica hereby undertakes that if any
legislative measure of Jamaica appears to the Government of the
United Kingdom to alter any of the provisions affecting Jamaica
Government Securities to the injury of the holder or holders thereof
or to involve a departure from the original mntract in regard to
these securities that measure will not be allowed to pass into law
except with the agreement of the Government of the United Kingdom
and that, if it has passed into law, the Government of Jamaica will
take the necessary steps to secure such amendment as may be requested
by the Government of the Uuitcd Kingdom.

The Government of Jamaica hereby further undertakes that it will
take the necessary steps to secure that this undertaking is confirmed
by an Act of the Parhament of Jamaica as soon as may be convenient
after the 6th of August, 1962.

Dated at Kingston this 31st day of July, 1962.
(Sgd.) D. B. SANGSTER,

Minister of Finance
on behalf of

The Government of Jamaica

m e inclusion of this page is authorid by L.N. 480/19731
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