11Agreement with bank in London for issue of Stock &c

11 Agreement with bank in London for issue of Stock &c

11 Agreement with bank in London for issue of Stock &c

The Governor may from time to time enter into such agreements as to him seem fit with any bank carrying on business in London and willing to act as registrar to provide for all or any of the following matters:

(a) the inscription and issue of Stock

(b) effecting the conversion of debentures into Stock and regulating transfers of Stock

(c) paying interest on Stock

(d) issuing Stock certificates and as often as occasion requires reinscribing or reissuing such certificates

(e) receiving all moneys raised under this Act and paying such moneys into the Public Account with the bank duly appointed in that behalf

(f) issuing scrip for deposits on loans raised by the sale of Stock

(g) paying off capital of Stock or loans

(h) conducting generally all business connected with Stock or loans

(i) the protection and remuneration of any such bank under and in respect of any such agreement.