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  4. Sinking Fund Act, 1875

Sinking Fund Act, 1875

Amount of permanent annual charge for National Debt.

1. For the payment of the annual charge on account of the National Debt there shall be issued out of the Consolidated Fund,—

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(c.) During every financial year the sum of [2 twenty-five] million pounds.

The said annual sum (in this Act referred to as the permanent annual charge for the National Debt) shall be charged on and issued out of the Consolidated Fund, at such times and in such manner as may be required for paying the charges payable thereout, and subject thereto, as the Treasury may from time to time direct, so that the whole amount thereof be issued in each financial year.

[S. 2 rep. 50 & 51 Vict. c. 16. s. 21.]

[2 Substituted for twenty-eight by 52 Vict. c. 6. s. 1.]