rent-charge preference stocks of railways in Great Britain or Northern Ireland that have in ten previous years paid a dividend on ordinary.
By the Colonial Stock Act, 1900, the Act of 1893 was made to include Colonial Stocks, if the colony:
(a) Provide for payment out of its revenue of any sums payable to stockholders under any judgment decree rule or order of a Court in the United Kingdom;
(b) Satisfies the Treasury that adequate funds will be made available for this purpose, and
(c) Formally expresses its opinion that any legislation injuring the stockholder or involving departure from the original contract with him would properly be disallowed.
The Metropolis Water Act, 1902, made Metropolitan Water Stock a trustee security, under the 1893 Act.
The Housing Act, 1919, included local bonds under that Act and mortgages of rates granted by local authorities authorized to issue local bonds under it.
The rough summary given above is a shortened version of the particulars given by
