Section 10
State OrdinanceIn forceProvision 10 of 27
Section 10
(1)
Upon the repayment of the principal moneys secured by any debenture the debenture shall, and on the redemption by the purchase of any debenture the debenture may, together in either case with all outstanding coupons, be delivered up to the
Accountant-General for cancellation by him.
(2)
Debentures redeemed by purchase which are not delivered up for cancellation shall be deemed to be securities forming part of the sinking fund and may in all respects be dealt with as such.
Stock to be issued by the Accountant-General on direction of the Financial
Secretary.