Government Securities Act

Link to law: http://www.moj.gov.jm/laws/government-securities-act
Published: 1962-12-08

GOVERNMENT SECURITIES 1

L e W
19 of 1962,

Act
3 of 1%3.

GOVERNMENT SECURITIES ACT

[6fh August, 1962.1

1. This Act may be cited as the Government Securities ShorttitLe.
Act.

IClterptChp- 2. In this Act- lion.
“competent court” means a court of competent

jurisdiction in the United Kingdom;
“final judgment, decree, rule or order” means in case

of appeal the final judgment, decree, rule or
order of the ultimate competent court hearing
the appeal.

3. This Act shall apply to all securities created or issued Application
of Act. 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, and to all 311963
securities issued after the 26th February, 1963, but prior ’.
to the 1st January, 1964. in the United Kingdom on behalf
of the Government of Jamaica by the conditions of issue of
which it is provided that the provisions of this Act shall
apply to them, each and all of which securities are herein-
after referred to as “Jamaica Government securities”.

4. Whenever by the final judgment, decree, rule or Provisions

adjudged or declared to be payable by the Government of ;tU,Fdz;fmk-
Jamaica in respect of any Jamaica Government securities,
that sum shall, without further appropriation than this

order of any competent court any sum of money is for payment

(The inclusion of this page is authorized by L.N. 480119731

2 GOVERNMENT SECURITIES

Act be charged on and paid out of the Consolidated Fund
and adequate funds (as and when required) shall be made
available in the United Kingdom by the Government of
Jamaica to meet any such final judgment, decree, rule or
order.

Certificate
of paying

5. A certificate specifying the sum paid under order of
any competent court to satisfy any final judgment, decree,
rule or order and issued by the agent in the United King-
dom of the Government of Jamaica authorized to make
such payment shall be sufficient authority to the Auditor-
General or other officer having the auditing of the accounts
of such agent for passing such sum without further appro-
priation.

agent.

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