Section 19
State OrdinanceIn forceProvision 19 of 27
Section 19
(1)
Stock shall be redeemable at the office of the Accountant-General at par on a date to be named in that behalf by the Financial Secretary in issuing the stock:
Provided that the Financial Secretary may reserve the option to redeem the stock in whole or in part, by drawing or otherwise, at any time prior to such date on such conditions as may be declared at the time of issue.
(2)
From and after the date appointed for the redemption of the stock or any part of it, all interest on the principal moneys secured thereby shall cease and determine, whether payment of the principal shall have been demanded or not.
Estate duty stock.