The Exchange of Securities (No. 2) Rules 1959
EXPLANATORY NOTE
(This Note does not form part of the Rules, but is intended to indicate their general purport.) These Rules prescribe the procedure with respect to the acceptance of the offer to exchange 2½ per cent. Defence Bonds for 5 per cent. Defence Bonds (Conversion Issue).

The Lords Commissioners of Her Majesty's Treasury, in exercise of the powers conferred upon them by subsection (2) of section 2 of the National Loans Act, 1939(a), and of all other powers enabling them in that beha...