The Investment in Tanganyika Government Securities Act

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CHAPTER 359
THE INVESTMENT IN TANGANYIKA
GOVERNMENT SECURITIES ACT
[PRINCIPAL LEGISLATION]
Arrangement of Sections
Section Title
1. Short title.
2. Interpretation.
3. Application.
4. Provisions for payment of money due to stockholders.
5. Certificate of paying agent.
6. Certain legislation to be agreed with the United Kingdom Government.
7. Repeal.

yment of money due to stockholders.
5. Certificate of paying agent.
6. Certain legislation to be agreed with the United Kingdom Government.
7. Repeal.

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1. This Act may be cited as the Investment in Tanganyika
Government Securities Act. 2. In this Act “Consolidated Fund” means the Consolidated
Fund of the Government of the United Republic. 3. This Act shall apply to all securities heretofore or hereafter
created or issued on behalf of the Government of Tanganyika-
(i) in which a trustee in the United Kingdom might
at any time have invested by virtue of section 2 of
the Colonial Stock Act,1900; or
(ii) by the conditions of issue of which it is provided
that the provisions of this Act shall apply to them,
each and all of which securities are hereinafter referred to as
“Tanganyika Government securities”.

at the provisions of this Act shall apply to them,
each and all of which securities are hereinafter referred to as
“Tanganyika Government securities”.

4.–(1) Whenever by the final judgment, decree, rule or order
of any court of competent jurisdiction in the United Kingdom,
any sum of money is adjudged or declared to be payable by
the Government of Tanganyika in respect of any Tanganyika
Government securities, that sum shall, without further
appropriation than this Act be charged on and paid out of
Short title
Interpretation
Application
Provisions for
payment of
money due to
stockholders
CHAPTER 359
THE INVESTMENT IN TANGANYIKA
GOVERNMENT SECURITIES ACT
An Act to facilitate investment in the United Kingdom in Tanganyika
Government Securities and to repeal and to re-enact with modifications
the Trustee Investment in Tanganyika Government Securities Ordinance. [9th December, 1961]
[s. 1]
Ord. No. 63 of 1961
[R.L. Cap. 458]

th modifications
the Trustee Investment in Tanganyika Government Securities Ordinance. [9th December, 1961]
[s. 1]
Ord. No. 63 of 1961
[R.L. Cap. 458]

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THE INVESTMENT IN TANGANYIKA GOVERNMENT SECURITIES ACT [CAP. 359 R.E. 2023]
the Consolidated Fund, and adequate funds (as and when
required) shall be made available in the United Kingdom by
the Government of Tanganyika to meet that final judgment,
decree, rule or order. (2) For the purposes of this section “final judgment, decree,
rule or order” means in case of appeal the final judgment,
decree, rule or order of the ultimate court hearing the appeal. 5. A certificate specifying the sum paid under order of any such
court as aforesaid to satisfy the final judgment, decree, rule or
order and issued by the agent in the United Kingdom of the
Government of Tanganyika authorised to make the payment
shall be sufficient authority to the Controller and Auditor-
General or other officer having the auditing of the accounts of
the agent for passing the sum without further appropriation. 6.

ontroller and Auditor-
General or other officer having the auditing of the accounts of
the agent for passing the sum without further appropriation. 6.

Legislation which appears to Her Majesty’s Government in
the United Kingdom to alter any of the provisions affecting
Tanganyika Government securities to the injury of their
holders or to involve a departure from the original contract
in regard to those securities, shall not become law except after
agreement with Her Majesty’s Government in the United
Kingdom, and if attention is drawn to that legislation after it is
passed, the Government of Tanganyika will take the necessary
steps to ensure any amendment which may be requested by
Her Majesty’s Government in the United Kingdom. 7. [Repeals the Trustee Investment in Tanganyika Government
Securities Ordinance R.L. Cap. 256]. Certificate of
paying agent
Certain
legislation to be
agreed with the
United Kingdom
Government
Repeal

©2025 Government of Tanzania. All rights reserved. No part of this book may be reproduced or distributed without permission of OAG.