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Amount of permanent annual charge for National Debt.
38 & 39 Vict. c. 45.
50 & 51 Vict. c. 16.
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6.—(1) The amount of the permanent annual charge for the National Debt during the current and every subsequent financial year shall be the sum of twenty-seven million pounds, and “twenty-seven” shall be substituted for “twenty-three” in section one of the Sinking Fund Act, 1875, as amended by subsequent Acts.
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(2) Any interest or dividends on any stock, bonds, or other securities issued under the Acts specified in the First Schedule to this Act shall, notwithstanding anything in section two of the National Debt and Local Loans Act, 1887, be paid as part of the permanent annual charge for the National Debt.
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