The Premium Savings Bonds (Amendment) Regulations 1991

• Citation: S.I. 1991/73
• Sections: 2

Section 1 Citation and commencement

These Regulations may be cited as the Premium Savings Bonds (Amendment) Regulations 1991 and shall come into force on 11th February 1991.

Section 2 Amendment of principal Regulations

The Premium Savings Bonds Regulations 1972 shall be amended:

(a) by substituting the following for regulation 8(5)—

An uncrossed warrant shall be payable at the place named in the warrant or otherwise in accordance with the directions contained therein. The Director of Savings may dispatch the warrant to such place, and where he does so shall dispatch a notice informing the payee that he has done so.

(b) by substituting the following for regulation 8(6)—

(6) The posting of

(a) a warrant, or

(b) the notice referred to in paragraph (5) above, where in accordance with that paragraph an uncrossed warrant is dispatched to the place at which it is payable.

to any person at the last address furnished to the Director of Savings shall, as regards the liability of the Treasury or the Director of Savings, be equivalent to the delivery of the warrant or notice to that person.