Clause 7

Bearer bonds issued under the provisions of this Act shall be issued by the Treasury upon such terms as may be approved by the Minister and shall be authenticated either by the signature of the Minister or by facsimile of such signature or in such manner as may be approved by the Minister.(2) Every bearer bond shall, when issued, bind the Government to pay the bearer the principal sum mentioned in that bond and interest therein in accordance with the terms of the issue.(3) Bearer bonds shall be transferable by delivery without endorsement.(4) Bearer bonds shall be in such denominations as the Minister may direct.”.