| [21 & 22 Geo.5.] Gold Standard |
[Ch. 46.] |
| (Amendment) Act, 1931, |
| CHAPTER 46 |
| An Act to suspend the operation of subsection (2) of section one of the Gold Standard Act, 1925, and for purposes connected therewith. |
A.D.l931 |
| [21st Stepmber 1931.] |
Be it enacted by the King’s most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal and Commons, in this present Parliament assembled, and by the authority of the same, as follows: |
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1.—(1) Unless and until His Majesty by Proclamation otherwise directs, subsection (2) of section one of the Gold Standard Act, 1925, shall cease to have effect, notwithstanding that subsection (1) of the said section remains in force. |
Suspension of right to purchase gold bullion. 15 & 16 Geo.S.c. 29. |
(2) The Bank of England are hereby discharged from all liabilities in respect of anything done by the Bank in contravention of the provision of the said subsection (2) at any time after the eighteenth day of September, nineteen hundred and thirty-one, and no proceedings whatsoever shall be instituted against the Bank or any other person in respect of anything so done as aforesaid. |
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(3) It shall be lawful for the Treasury to make, and from time to time vary, orders authorising the taking of such measures in relation to the exchanges and otherwise as they may consider expedient for meeting difficulties in connection with the suspension of the gold standard. |
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This subsection shall continue in force for a period of six months from the passing of this Act. |
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2. This Act may be cited as the Gold Standard (Amendment) Act, 1931. |
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