Instrument 'Accepted for Value'

The request was successful.

James-Andrew:Houghton

Dear UK Debt Management Office,

There has been much discussion on the internet regarding the 'theory' that (for example) when I use my 'Cash' to pay a bill that comes from a public body, I am in effect giving them a 'Promise to pay' at a future time, and Not settling or setting off their books. As such, by this action, it will mean that the public will have to borrow more money at interest and increase the National Debt, where 'Acceptance for Value' would set off the Debt. Turning the 'bill' into the payment.

The theory goes on to explain that when we are issued a 'bill' that the procedure we should follow would be to 'accept for value' the instrument, and return it.
Under Uniform Commercial Code, this then makes us the creditor, which frees us from any obligation to pay for the instrument. The Public company can then set off its book keeping, and because of the 'bankruptcy' of our money, the public company can draw on an account with the treasury ( Public or Private, I'm not sure) using our National Insurance Number to 'set off' the Debt. Thus expanding Funds under public policy.

The theory is vague, and at most times mis-understood, (including by myself, and probably by now your self too)
But the gist is that under the bills of exchange act 1882( http://www.legislation.gov.uk/ukpga/Vict... ), you can settle a 'bill' by accepting it with your signature.

so following this preamble, my request is as follows.

1)How much of the National debt was Paid/set off/cleared/or reduced by way of the Bills of exchange act 1882 'Acceptance' by signature in 2010?

2) Is the process of Acceptance for value in the Bills of exchange act 1882 a valid means of payment which will not increase the national debt?

3) Does U.C.C. law apply to the UK National Debt?

4) Is there anywhere either in your office, or an office which deals with debt in the public, a concise and step by step description of how a 'Debt' to a company in the public ( e.g. gas bill, phone bill ) should best be dealt with (Paid/set off/cleared/settled) if the reduction of the UK National Debt is your desired outcome. and what is that process exactly?

5) If this process were given a name it would be 'Acceptance for Value' does the UK Debt Management Office have a policy, or advice about, or informational pamphlets containing advice on, or any written information held in any form about 'Acceptance for Value'?

If you wish to understand my question more, a quick Google search of: 'Acceptance for Value' will give you a greater understanding.

I hope you have a good day, and the 9 odd trillion of debt you have to deal with isn't getting you down. :-)
Yours faithfully,

James-Andrew:Houghton

RecordsManagementService, UK Debt Management Office

Dear Mr Houghton
We have received your request for information under the Freedom of
Information Act. We aim to respond to your request by the 24th March and
may need to contact you for clarification. Please use the reference
FOI20110223 in all future correspondence.

Kind regards

Records Officer
UK Debt Management Office

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RecordsManagementService, UK Debt Management Office

1 Attachment

Dear Mr Houghton.

Please find attached our response to your FOI request dated 26^th
February. Please contact us should you require further information

Kind Regards

Records Officer

UK Debt Management Office

show quoted sections

Communications via the GSi may be automatically logged, monitored and/or
recorded for legal purposes.

Tony Parker left an annotation ()

There is something very fishy here. If the reply is true them the people in this video link must be lying unless they used Accepted for Value in 2009.
Tony:parker

http://video.google.com/videoplay?docid=...

Richard Taylor left an annotation ()

The UK Debt Management Office has informed the WhatDoTheyKnow team the response above is an initial draft response which may be incomplete or inaccurate.

We have asked them to expand on this in a follow-up message to this thread.

--

Richard - WhatDoTheyKnow.com volunteer

RecordsManagementService, UK Debt Management Office

1 Attachment

Dear Mr Houghton

Please find attached our response to you FOI request

Records Officer

UK Debt Management Office

show quoted sections

Communications via the GSi may be automatically logged, monitored and/or
recorded for legal purposes.

Tony Parker left an annotation ()

ok in section 1, can someone translate this into plain English. Are they saying it does work when the proper paper work is sent and and not when the wrong paper work is sent in?

In section 3 however I think they are being misleading (or maybe they are just misinformed, but this is still not excusable).

As far as I know, altough Uniform Commercial Code is a feature of US law, the whole point of it is, that it applies world wide.

see site below for more on this plus BREAKING NEWS on how the court system works and how much knowing about the Cestui Que Vie (CQV) trust can mean the difference between winning in court and not!

http://one-heaven.org/home.asp

Will: Ritchie left an annotation ()

Although I'm new to this, The instrument mentioned appeals to me greatly for obvious reasons. This topic seems inconclusive, is there any new thinking on using Accepted for value or does anyone have a success story to share?

Lee Magnusson left an annotation ()

Judging by the final reply, the process does exist but we've not yet asked the right questions

Richard left an annotation ()

According to question 1. The government redeems/pays its liabilities with gilts/treasury bills by way of Bacs. This is precisely the very same as paying/settling one debt with another. Payments is made by Bank of England notes, or Promises To Pay, so how on earth does it settle/pay one debt with another? So, in fact this must mean that the National Debt is increased. I think that they're all brainwashed into believing what they tell us...

Gary of the Testo family left an annotation ()

Could we get some more clarification?

The response says that in accordance with the "Regulations for the Payment of Dividends 1957". But to which Act is this referring? Thee is no such act named " regulations on payment of dividends 1957.

Furthermore the Colonial Stock act 1877 (now repealed) makes for an interesting read. S15 and s19 tell us by "Colonial stock" means "personal estate" and also tells us that if there IS a trust in respect of our personal estates then no notice of said trust is entered in the registration or is receivable by any dept of government.

So it all just seems like a scam to me. We have valuable property/rights, gov tricks us into putting it into trust then denies any knowledge of having done so.

Tony Parker left an annotation ()

Births and Deaths Registration (Northern Ireland) Order 1976
“the Department” means the Department of Finance; "
http://www.legislation.gov.uk/nisi/1976/...
Your Birth Certificate is control by the Department of Finance a branch of Department of Personnel and Finance.
At least here in NI.

Tony.

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