http://www.legislation.gov.uk/ukpga/1968/13/schedule/5A/paragraph/8/1993-11-05National Loans Act 1968An Act to establish a National Loans Fund, to substitute the National Loans Fund for the Consolidated Fund in certain enactments, including enactments relating to Government lending and advances, the Exchange Equalisation Account and government annuities, to make profits of the Issue Department of the Bank of England payable into the National Loans Fund and to make other provision as to the said Department, to charge the whole of the national debt on the National Loans Fund, and to amend the law about Government borrowing; to make further provision for loans by the Public Works Loan Commissioners, and to authorise advances out of the National Loans Fund for the purpose of such loans; to transfer to Votes certain payments charged on the Consolidated Fund; and generally to make provision for the management of the Government’s financial business.1979-06-30texttext/xmlenStatute Law Database2024-05-171993-11-05 SCHEDULESSCHEDULE 5A<Addition ChangeId="d29p2718" CommentaryRef="c13330121"> The debt management account</Addition><Addition ChangeId="d29p2718" CommentaryRef="c13330121"> Cap on borrowing</Addition>81The Treasury shall secure that the position at the end of any given day is such that the total of relevant debts does not exceed the total of relevant deposits.2A relevant debt is the principal outstanding of any money raised under paragraphs 4 and 5, but excluding money raised from the National Loans Fund.3A relevant deposit is the principal outstanding of any sum standing to the credit of the Debt Management Account in the National Loans Fund or at the Bank of England.4For the purposes of this paragraph a debt or deposit not designated in sterling must be expressed in sterling, and the exchange rate or rates used to calculate the sterling equivalent of debts and deposits must be such as the Treasury consider prudent.Sch. 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
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<dc:identifier>http://www.legislation.gov.uk/ukpga/1968/13/schedule/5A/paragraph/8/1993-11-05</dc:identifier>
<dc:title>National Loans Act 1968</dc:title>
<dc:description>An Act to establish a National Loans Fund, to substitute the National Loans Fund for the Consolidated Fund in certain enactments, including enactments relating to Government lending and advances, the Exchange Equalisation Account and government annuities, to make profits of the Issue Department of the Bank of England payable into the National Loans Fund and to make other provision as to the said Department, to charge the whole of the national debt on the National Loans Fund, and to amend the law about Government borrowing; to make further provision for loans by the Public Works Loan Commissioners, and to authorise advances out of the National Loans Fund for the purpose of such loans; to transfer to Votes certain payments charged on the Consolidated Fund; and generally to make provision for the management of the Government’s financial business.</dc:description>
<dc:date>1979-06-30</dc:date>
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<Title> SCHEDULES</Title>
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<Addition ChangeId="d29p2718" CommentaryRef="c13330121">SCHEDULE 5A</Addition>
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<Addition ChangeId="d29p2718" CommentaryRef="c13330121"> The debt management account</Addition>
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<Addition ChangeId="d29p2718" CommentaryRef="c13330121"> Cap on borrowing</Addition>
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<Addition ChangeId="d29p2718" CommentaryRef="c13330121">The Treasury shall secure that the position at the end of any given day is such that the total of relevant debts does not exceed the total of relevant deposits.</Addition>
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<Addition ChangeId="d29p2718" CommentaryRef="c13330121">A relevant debt is the principal outstanding of any money raised under paragraphs 4 and 5, but excluding money raised from the National Loans Fund.</Addition>
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<Addition ChangeId="d29p2718" CommentaryRef="c13330121">A relevant deposit is the principal outstanding of any sum standing to the credit of the Debt Management Account in the National Loans Fund or at the Bank of England.</Addition>
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<Addition ChangeId="d29p2718" CommentaryRef="c13330121">For the purposes of this paragraph a debt or deposit not designated in sterling must be expressed in sterling, and the exchange rate or rates used to calculate the sterling equivalent of debts and deposits must be such as the Treasury consider prudent.</Addition>
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<Para>
<Text>
Sch. 5A inserted (15.11.1999 subject to arts. 5-7 of
<Citation URI="http://www.legislation.gov.uk/id/uksi/1999/2908" id="c00581" Class="UnitedKingdomStatutoryInstrument" Year="1999" Number="2908">S.I. 1999/2908</Citation>
) by
<Citation URI="http://www.legislation.gov.uk/id/ukpga/1998/36" id="c00582" Year="1998" Class="UnitedKingdomPublicGeneralAct" Number="36">1998 c. 36</Citation>
,
<CitationSubRef id="c00583" CitationRef="c00582" URI="http://www.legislation.gov.uk/id/ukpga/1998/36/section/160" SectionRef="section-160">s. 160</CitationSubRef>
,
<CitationSubRef id="c00584" CitationRef="c00582" URI="http://www.legislation.gov.uk/id/ukpga/1998/36/schedule/26/paragraph/1/3" Operative="true" SectionRef="schedule-26-paragraph-1-3">Sch. 26 para. 1(3)</CitationSubRef>
;
<Citation URI="http://www.legislation.gov.uk/id/uksi/1999/2908" id="c00585" Class="UnitedKingdomStatutoryInstrument" Year="1999" Number="2908">S.I. 1999/2908</Citation>
,
<CitationSubRef id="c00586" CitationRef="c00585" URI="http://www.legislation.gov.uk/id/uksi/1999/2908/article/1" Operative="true" SectionRef="article-1">arts. 1</CitationSubRef>
,
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