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National Loans Act 1968

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Changes over time for: Paragraph 13

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No versions valid at: 05/11/1993

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Status:

Point in time view as at 05/11/1993. This version of this cross heading contains provisions that are not valid for this point in time. Help about Status

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There are currently no known outstanding effects for the National Loans Act 1968, Paragraph 13. Help about Changes to Legislation

Yn ddilys o 15/11/1999

[F113(1)The Treasury shall from time to time pay out of the National Loans Fund into the Debt Management Account sums (if any) which the Treasury consider appropriate to compensate the Account in respect of [F2(a)]payments of interest made from the Account [F2, and.U.K.

F3(b)any discount on any Treasury bills issued by virtue of paragraph 4 above.]

(2)Payments to be made out of the National Loans Fund under sub-paragraph (1) above shall be treated for the purposes of section 15 of this Act as charges on that Fund for the service of national debt.

(3)The Treasury may from time to time pay out of the Debt Management Account into the National Loans Fund sums (if any) which the Treasury consider appropriate in respect of [F4(a)]interest received or earned by the Account [F4, and

F5(b)any benefit accruing to the Account which, in the opinion of the Treasury, ought to be treated in the same way as such interest.]]

Textual Amendments

F1Sch. 5A inserted (15.11.1999 subject to arts. 5-7 of S.I. 1999/2908) by 1998 c. 36, s. 160, Sch. 26 para. 1(3); S.I. 1999/2908, arts. 1, 2

F2Words renumbered as Sch. 5A para. 13(1)(a) (27.7.1999) by 1999 c. 16, s. 134(5)

F3Sch. 5A para. 13(1)(b) inserted (27.7.1999) by 1999 c. 16 s. 134(5)

F4Words renumbered as Sch. 5A para. 13(3)(a) (27.7.1999) by 1999 c. 16, s. 134(6)(8)

F5Sch. 5A para. 13(3)(b) inserted (27.7.1999) by 1999 c. 16, s. 134(6)(8)

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