Bank of England Act 1716 explained

Short Title:Bank of England Act 1716[1]
Parliament:Parliament of Great Britain
Long Title:An Act for redeeming several Funds of the Governor and Company of the Bank of England, pursuant to former Provisoes of Redemption; and for securing to them several new funds and allowances redeemable by parliament; and for obliging them to advance further sums not exceeding two millions five hundred thousand pounds, at five pounds per centum, as shall be found necessary to be employed in lessening the national debts and incumbrances; and for continuing certain provisions formerly made for the expences of his Majesty's civil government; and for payment of annuities formerly purchased at the rate of five pounds per centum; and for other Purposes in this Act mentioned.
Year:1716
Citation:3 Geo. 1. c. 8
Royal Assent:15 July 1717
Repealing Legislation:Statute Law (Repeals) Act 1995
Status:Repealed
Use New Uk-Leg:yes

The Bank of England Act 1716 (3 Geo. 1. c. 8) was an Act of the Parliament of Great Britain. It was one of the Bank of England Acts 1694 to 1892.[2]

It was partially repealed by the Statute Law Revision Act 1870, the Statute Law Revision Act 1887, the Bank Act 1892, the Bank of England Act 1946, and the Statute Law Revision Act 1948.

All remaining parts of the Act were repealed on 1995-11-08 by the Statute Law (Repeals) Act 1995.

Notes and References

  1. The citation of this Act by this short title was authorised by the Short Titles Act 1896, section 1 and the first schedule. Due to the repeal of those provisions it is now authorised by section 19(2) of the Interpretation Act 1978.
  2. The Short Titles Act 1896, section 2(1) and Schedule 2