504.Subsection (1) provides for any expenditure incurred by the Treasury in connection with the exercise of the powers in Parts 1 to 3 of this Act, by the Treasury or Secretary of State (with the consent of the Treasury) in connection with the giving of financial assistance to or in respect of banks or other financial institutions or in connection with the provision of financial assistance by the Treasury to the Bank of England to be paid from money provided by Parliament. Financial assistance includes giving guarantees or indemnities.
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