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Approximately 350 are wrongly encashed causing an estimated loss of £9,000.
People have been misled as to what, in effect, would be the value of their savings when they came ultimately to encash them.
Further expenditure will be brought to account as any additional or replacement girocheque payments are encashed.
A certificate can be encashed at any time.
For example, we have the tenth issue, of which millions are held today, but not encashed.
We expect all these notes to be encashed over several years.
We expect them to be encashed over several years.
Only beneficiaries with life policies with a surrender value of more than £2,000 will have to encash them.
Of that, over £100 million is accounted for by order books and giro cheques which are stolen and fraudulently encashed.
The stamp can be readily encashed, and it provides convertibility to a permanent form of saving and leads to the saving habit.
In addition, the certificates may be encashed at their uprated value at any time after the first twelve months.
We therefore need a period for our productivity to catch up with what we have already encashed.
At what stage are those mark bills to be encashed, and when they are encashed will they not disturb exchange then?
When they encash a cheque by paying cash across the counter they will require the cheque to be endorsed for this reason.
This will be done by a promissory note to be encashed over a period of years, with costs being met as they occur from sums voted for overseas aid.
