Commonwealth Consolidated Regulations

COMMONWEALTH INSCRIBED STOCK REGULATIONS - REG 51A

(1)

A bank which holds Treasury Bonds known as War Savings Certificates or Savings Certificates in safe custody for a person may surrender those bonds to a Registrar.

(2)

A bank which surrenders bonds in pursuance of the last preceding subregulation shall be entitled to a certificate, in accordance with Form 38A, equivalent in face value to the total face value of the bonds surrendered, and the Registrar shall issue the certificate accordingly.