Section 38: Creation, inscription, registration, issue, conversion and transfer of stock.

The Nigeria High Commission may, from time to time, at the request of the President, make arrangements for all or any of the following things-(a) for inscribing and registering stock in their books;
(b) for managing the creation, inscription, registration and issue of stock, including the issue of certificates of title in respect of such stock;
(c) for effecting the conversion of loans into stock;
(d) for paying interest on stock and managing the transfers thereof;
(e) for issuing stock certificates to bearer, and, as often as occasion shall require, re-inscribing or re-registering them;
(f)
for effecting the exchange or conversion of inscribed stock into registered stock.
[1951 No. 33.]