PREMIUM BONDS BILL.
VALIDATION OF SALE. From Odd Own Correspondent.) WELLINGTON, July 24. The Premium Bonds Validation Bill, introduced by Mr Harris, proposes to validate the sale of premium bonds. "Premium bonds" include "all bonds, debentures, or negotiable securities made, given, or issued, or purporting to be made, given, or issued, by or on behalf of the Government of any British or European State or country, or by or on behalf of any municipality or public body or corporation which is subject to the law of any British or European State or country, with the sanction or approval of the Government, or in accordance with the law of the State or country having jurisdiction over such body or corporation." Notwithstanding' any law now or heretofore in force, any salo or purchase of a premium bond shall not bo deemed void or voidable by the operation of the law as to constitute an offence. Tho Act will apply onlv to premium bonds conditioned to bo redeemable at a sum not less than tho face or issue value.
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Bibliographic details
Otago Daily Times, Issue 15825, 25 July 1913, Page 6
Word Count
176PREMIUM BONDS BILL. Otago Daily Times, Issue 15825, 25 July 1913, Page 6
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