(1) Where a Treasury Bill issued under this Act—
(a) has been so damaged or defaced as to be unsaleable; or
(b) is reported to have been lost or destroyed,
the Minister may issue or direct the issue of a duplicate bill in place thereof.
(2) In the case of a bill referred to in subsection (1)(b), a duplicate bill shall not be issued unless—
(a) the Minister is satisfied on the basis of such evidence as he or she may require that the bill was actually lost or destroyed;
(b) the claimant furnishes a good and sufficient security, to the satisfaction of the Minister, for the amount of the Bill, should it be presented for payment at any time thereafter.
(Substituted by Act 30 of 2003)