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COLONIAL STOCK ACT 1877 - SECT 19

19. The declaration respecting colonial stock to which this Act applies,
recorded with the Commissioners of Inland Revenue, and the document containing
the conditions of the issue of the stock, and every prospectus and notice
inviting persons to subscribe for or take the stock, and every stock
certificate to bearer, and every coupon and dividend warrant and every other
certificate and document issued to a stockholder in relation to stock held by
him, shall state that the revenues of the colony alone are liable in respect
of the stock and the dividends thereon, and that the Consolidated Fund of the
United Kingdom and the Treasury are not directly or indirectly liable or
responsible for the payment of the stock or of the dividends thereon, or for
any matter relating thereto, and if the Treasury require the statement to be
made in any particular terms, those terms shall be adopted.

A declaration not in conformity with this section shall not be recorded, and
every person publishing or issuing or entering in the register any such
document, prospectus, notice, stock certificate, coupon, warrant, certificate
or document as aforesaid not in conformity with this section shall be liable
to a penalty not exceeding fifty pounds.

© 1877 Crown Copyright

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