Inscribed Stock Act 1902
8Conversion of debentures into Stock
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8 Conversion of debentures into Stock
8 Conversion of debentures into Stock
The Governor may exercise all or any of the following powers:
(a) declare all or any of the debentures issued under the authority of any Act to be convertible into Stock redeemable at such times and subject to such terms and conditions as he before the creation thereof determines and appoints
(b) authorise the issue of an equivalent amount of such Stock in exchange for such debentures
(c) authorise on such conditions as he determines the creation and issue of any Stock for the purpose of converting any outstanding debentures into Stock and of paying any expenses in connection with such conversion or in carrying out the provisions of this Act.