Consolidated Fund (Permanent Charges Redemption) Act, 1873

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Miscellaneous provisions.

5. Where any doubt exists either as to whether a person to whom an annuity for the time being is payable is or is not a limited owner, or as to the title of a person to any annuity, the contract may be assented to, the money paid, and other proceedings under this Act had, as if the person to whom such annuity is payable were a limited owner.

Any power vested by this Act in the Court of Chancery may be exercised by a judge thereof sitting at chambers.

Any contract made in pursuance of this Act may, if it is so agreed, provide for the redemption of an annuity by the transfer of any Government securities instead of the payment of a sum of money; and the provisions of this Act shall be construed accordingly, with the necessary modifications.

The average price of Government securities shall be determined according to the average price stated in the account sent by the Bank of England to the Commissioners for the Reduction of the National Debt, in pursuance of any Act of Parliament.