HC Deb 11 July 1984 vol 63 c1301

Amendment made: No. 21, in page 24, line 19, at end insert— (2A) Where securities which were issued on or before 13th March 1984 have been exchanged, at any time after that date, for new securities which would be deep discount securities but for this subsection, the new securities shall not be treated as deep discount securities if—

  1. (a) the old securities would not have been deep discount securities if they had been issued after 13th March 1984;
  2. (b) the date which is the redemption date in relation to the new securities is not later than the date which was the redemption date in relation to the old securities; and
  3. (c) the amount payable on redemption of the new securities does not exceed the amount which would have been payable on redemption of the old securities. —[Mr Ian Stewart.]

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