In this Act -
the expression "the Minister" means the Minister for Finance;
the expression "the Commission" means the Currency Commission to be established under this Act;
the expression "British Government securities" means and includes any stocks, shares, bonds, bills, notes, or other interestbearing securities heretofore or hereafter issued or made by or on behalf of the British Government and carrying the direct obligation of the British Government in respect of both capital or principal and interest;
the expression "securities guaranteed by the British Government" means and includes any stocks, shares, bonds or debentures for the time being carrying the guarantee of the British Government in respect of both capital and interest;
the word "outstanding" when used in relation to legal tender notes means notes which have been issued by the Commission and have not since the last time of issue been redeemed or accepted by the Commission in exchange on the issue of other legal tende