Gas Act, 1948

241 GAS ACT, 1948 Notice to Holders of Securities of Gas Undertakings. (This notice should be retained.) The Minister of Fuel and Power undermentioned securities have been has declared by Order that the values of the version Date being 12th June, 1950, on which date the of the Act, the Con- and the holders thereof will become instead holders securities will be extinguished anteed Stock, 1990-1995 (issued at par and redeemable at par) Gas 3 per cent. Guar- with Where rates mentioned below. calculated in accordance any payments of interest Council of the May, 1950, by the Gas the interest due for the two periods of six months in total to discharge in full 30th April, 1950, respectively, the Gas Council will, ended 31st October, 1949, and good the deficiency by paying to holders of about 17th July, 1950, make any balance due for the first period of six months, as at 26th September, 1949, 1950, any balance due for the second period of and to holders as 27th March, interest will be paid on the British Gas Stock on The third six months' The procedure regarding transfers, the of certificates, November, 1950.