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WAR LOAN (SUPPLEMENTAL PROVISIONS) ACT 1915

WAR LOAN (SUPPLEMENTAL PROVISIONS) ACT 1915 - LONG TITLE

An Act to make provision, in connection with Loans raised for the
purposes of the present War, for the establishment of a Post Office
stock register, and as to stock inscribed in that register, and to
make certain amendments, in connection with such Loans and generally
in connection with War Finance, in the Law relating to Savings
Banks, Friendly Societies, Trade Unions, and otherwise.
[23rd December 1915]
Ss.17 rep. by 1918 c.40 s.238 sch.7; SLR 1927; 1942 c.21 s.47
sch.11 Pt.III; 1958 c.6 s.17 sch.

WAR LOAN (SUPPLEMENTAL PROVISIONS) ACT 1915 - SECT 8
Power of Public Trustee to hold securities of friendly societies,
&c.

8.(1) Notwithstanding anything in any Act to the contrary, any part
of the funds of any registered friendly society or any branch
thereof, or of any registered trade union..., and any stocks,
shares, or securities held by or on behalf of any such society,
union, or branch, may, if the Public Trustee agrees to such
transfer, and rules of the society, union, or branch are made for
the purpose, be transferred to the Public Trustee.

(2) The Public Trustee shall invest, in accordance with the rules,
any funds so transferred to him, and shall pay the interest on any
stocks, shares, or securities acquired by or transferred to him in
pursuance of this section to the trustees of the society, union, or
branch; and shall, if and when so required by those trustees,
transfer the capital of the stocks, shares, or securities to them,
or realise the same and transfer the proceeds to them.

(3) Pending the making of rules, any War Loan Stock, 19251945, held
by or on behalf of any such society, union, or branch may, if the
Public Trustee agrees to such transfer, be transferred to him as
though rules were made for the purpose.

(4) The Public Trustee shall be completely exonerated from any
liability in relation to any stock, shares, or securities held by
him in pursuance of this section, and no action shall lie against
the Public Trustee in respect of any such stock, shares, or
securities, provided that he acts in accordance with the provisions
of this section.

Subs.(5) rep. by SLR 1927

S.10 rep. by 1954 c.63 s.82 sch.3

WAR LOAN (SUPPLEMENTAL PROVISIONS) ACT 1915 - SECT 11
Short title.

11. This Act may be cited as the War Loan (Supplemental Provisions)
Act, 1915,....