Section 27: Mode of providing for payment of interest on stock.
So long as any of the stock shall remain unredeemed, the President shall, in each half-year ending with the day on which the interest on such stock falls due, appropriate out of the general revenues and assets to the Federation a sum equal to one half-year's interest on the whole of such stock, and shall remit that sum to the Nigeria High Commission at such time as will enable them to pay thereout the then current half-year's interest on the day when it falls due.
[195 No. 33.]
Cite this section
Section 27, GENERAL LOAN AND STOCK ACT (1916).
https://repo.podus.ai/laws/general-loan-and-stock-act/section/27/