Soil Conservation Act 1938

For securing repayment of the principal and interest on any money borrowed, the Corporation may, as provided by the regulations, issue debentures, bonds, inscribed stock or other prescribed securities.

Every such debenture or bond and every coupon originally annexed to the debenture or bond, and whether separated therefrom or not, may be transferred by simple delivery.

Inscribed stock shall be transferable in the books of the Corporation in accordance with the regulations.

Debentures, bonds, inscribed stock or prescribed securities issued under this Act shall, as regards both the issue and transfer thereof for full consideration for money or money’s worth, be deemed to be included in the general exemptions from stamp duty under Part 3 of the Stamp Duties Act 1920 contained in the Second Schedule to that Act.