Section 12: Issue of new certificates or payment
consolidated text (as at 1991). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
12. Issue of new certificates or payment
(1) The Accountant-General may, on the death of a purchaser and on
delivery to him of a certificate—
(a) issue a new certificate to and in the name of an heir or legatee of
the deceased purchaser, where the heir or legatee of the deceased
purchaser applies in the prescribed form for the issue of the certificate, and proves to the satisfaction of the Accountant-General
that he is entitled to it; or
(b) pay to such heir or legatee a sum equivalent to the face value of
the certificate of the deceased purchaser at the time of death.
(2) Any new certificate issued and any payment made under this section
by the Accountant-General shall be, and shall operate for all purposes as, a
complete discharge of the obligations of Government and of the AccountantGeneral in respect of a certificate issued to the deceased purchaser, or of
any money payable on the surrender of that certificate.