Page:A Collection of Statutes Relating to India (Second Edition) Vol 2.djvu/22



[Preamble recites 33 & 34 Vict., c. 71, s. 20 (as to payment of dividends on India Stock by Banks of England and Ireland).]

1. THE power given to the said Banks, as above recited, to make arrangements for payment of dividends on stock by sending warrants through the post shall, as regards the payment of dividends on India five per cent. stock and India capital four per cent. stock, and on any stock which may be in future created under the powers in that behalf vested in the Secretary of State for India in Council by Acts of Parliament now in force, be exercised with the sanction of the Secretary of State for India in Council instead of the Treasury; and, where a holder of any such stock desires to have his dividend warrants sent him by post, he shall make his request as in the said Act provided, but in a form approved by the Bank and the Secretary of State for India in Council; and the provisions of sections 20 and 21 of the said Act, shall, with this variation, apply to payment of dividends on the aforesaid India stocks, and to warrants for the same sent by post.

THE INDIA COUNCILS ACT, 1871.

1. No law or regulation heretofore made or hereafter to be made by any Governor or Lieutenant-Governor in Council in India in manner prescribed by VOL. II.