Statutory Instrument 1991 No. 1667

The Treasury Bills (Amendment) Regulations 1991

---

© Crown Copyright 1991

Statutory Instruments printed from this website are printed under the superintendence and authority of the Controller of HMSO being the Queen's Printer of Acts of Parliament.

The legislation contained on this web site is subject to Crown Copyright protection. It may be reproduced free of charge provided that it is reproduced accurately and that the source and copyright status of the material is made evident to users.

It should be noted that the right to reproduce the text of Statutory Instruments does not extend to the Queen's Printer imprints which should be removed from any copies of the Statutory Instrument which are issued or made available to the public. This includes reproduction of the Statutory Instrument on the Internet and on intranet sites. The Royal Arms may be reproduced only where they are an integral part of the original document.

The text of this Internet version of the Statutory Instrument has been prepared to reflect the text as it was Made. A print version is also available and is published by The Stationery Office Limited as the The Treasury Bills (Amendment) Regulations 1991, ISBN 0110146670. The print version may be purchased by clicking here. Braille copies of this Statutory Instrument can also be purchased at the same price as the print edition by contacting TSO Customer Services on 0870 600 5522 or e-mail:customer.services@tso.co.uk.

Further information about the publication of legislation on this website can be found by referring to the Frequently Asked Questions.

To ensure fast access over slow connections, large documents have been segmented into "chunks". Where you see a "continue" button at the bottom of the page of text, this indicates that there is another chunk of text available.

1991 No. 1667

EXCHEQUER

The Treasury Bills (Amendment) Regulations 1991

The Treasury, in exercise of the powers conferred upon them by section 9 of the Treasury Bills Act 1877^[1] and of all other powers enabling them in that behalf, hereby make the following Regulations:

    1.    These Regulations may be cited as the Treasury Bills (Amendment) Regulations 1991 and shall come into force on 26th July 1991.

    2.    The Treasury Bills Regulations 1968^[2] shall be amended as follows-
 (a) for regulation 2(1)(a), there shall be substituted the following-
"(a) the date on which, the place at which, and the manner in which, tenders are to be delivered, and" ;

 (b) for regulation 2(2) there shall be substituted the following-
"  (2)  Tenders for Treasury bills shall be in a form approved by the Treasury." ; and

 (c) for regulation 4(1) there shall be substituted-
    "4.  (1)  The Treasury may from time to time issue a warrant authorising the Bank of England to prepare bills in such denominations as are specified in the warrant for such total amount as is specified in the warrant, and the warrant shall be transmitted to the Comptroller and Auditor-General for his counter signature."

Thomas Sackville

Nicholas Baker

Two of the Lords Commissioners of Her Majesty's Treasury

24th July 1991

These Regulations make three amendments to the Treasury Bills Regulations 1968, which prescribe the procedure for the preparation of Treasury bills. The notice inviting tenders for bills is now to specify the manner in which tenders are to be made; the requirement to open tenders in the presence of a person appointed by the Treasury is removed; and it is no longer necessary for tenders to have been accepted, or for the National Debt Commissioners or others to have indicated willingness to buy Treasury bills, before bills can be prepared.

[1] 1877 c. 2; section 9 was amended by the Statute Law (Repeals) Act 1986 (c. 12). back

[2] S.I. 1968/414, amended by S.I. 1988/1603. back