Government Securities
L.R.O.

LAWS OF TRINIDAD AND TOBAGO

Act
14 of 1962

Current Authorised Pages
Pages Authorised

(inclusive) by L.R.O.
1–5 ..

GOVERNMENT SECURITIES ACT

CHAPTER 71:42

UNOFFICIAL VERSION


UPDATED TO DECEMBER 31ST 2014

MINISTRY OF LEGAL AFFAIRS www.legalaffairs.gov.tt

LAWS OF TRINIDAD AND TOBAGO

2 Chap. 71:42 Government Securities

Note on Subsidiary Legislation
This Chapter contains no subsidiary legislation.

UNOFFICIAL VERSION


UPDATED TO DECEMBER 31ST 2014

MINISTRY OF LEGAL AFFAIRS www.legalaffairs.gov.tt

L.R.O.

LAWS OF TRINIDAD AND TOBAGO

Government Securities Chap. 71:42 3

CHAPTER 71:42

GOVERNMENT SECURITIES ACT

ARRANGEMENT OF SECTIONS
SECTION

1. Short title.
2. Interpretation.
3. Application of Act.
4. Provision for payment of money due to stockholders.
5. Certificate of paying agent.

UNOFFICIAL VERSION


UPDATED TO DECEMBER 31ST 2014

MINISTRY OF LEGAL AFFAIRS www.legalaffairs.gov.tt

LAWS OF TRINIDAD AND TOBAGO

4 Chap. 71:42 Government Securities

CHAPTER 71:42

GOVERNMENT SECURITIES ACT

An Act to facilitate the investment of trust and other funds in
the United Kingdom, in Trinidad and Tobago Government
Securities.

[31ST AUGUST 1962]

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

2. In this Act “Colonial Stock Acts” means Acts of the
Parliament of the United Kingdom known as the Colonial Stock
Acts, 1877 to 1948, as from time to time amended.

3. This Act applies to all securities created or issued in the
United Kingdom on behalf of the Government of Trinidad and
Tobago both before and after the commencement of this Act—

(i) in which a trustee has at any time invested by
virtue of section 2 of the Colonial Stock Act,
1900 of the United Kingdom; or

(ii) 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 referred to as “Trinidad
and Tobago Government Securities”.

4. (1) Whenever by the final judgment, decree, rule or order
of any Court of competent jurisdiction in the United Kingdom any
sum of money is adjudged or declared to be payable by the
Government of Trinidad and Tobago in respect of any Trinidad
and Tobago Government securities, that sum shall, without further
appropriation than this Act, be charged on and paid out of public
funds of Trinidad and Tobago and adequate funds (as and when
required) shall be made available in the United Kingdom by the
Government of Trinidad and Tobago to meet any such final
judgment, decree, rule or order.

14 of 1962.

Commencement.

Short title.

Interpretation.
12, 13 & 14
Geo. 6 c.1.

Application of
Act.

63 & 64 Vict.
c.62.

Provision for
payment of
money due to
stockholders.

UNOFFICIAL VERSION


UPDATED TO DECEMBER 31ST 2014

MINISTRY OF LEGAL AFFAIRS www.legalaffairs.gov.tt

L.R.O.

LAWS OF TRINIDAD AND TOBAGO

Government Securities Chap. 71:42 5

(2) For the purpose of this section “final judgment, decree,
rule or order” means in the case of appeal the final judgment, decree,
rule or order of the ultimate Court hearing the appeal.

5. A certificate specifying the sum paid under order of any
Court referred to in section 4 to satisfy any such final judgment,
decree, rule or order and issued by the agent in the United Kingdom
of the Government of Trinidad and Tobago authorised 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 appropriation.

Certificate of
paying agent.

UNOFFICIAL VERSION


UPDATED TO DECEMBER 31ST 2014

MINISTRY OF LEGAL AFFAIRS www.legalaffairs.gov.tt