SCHEDULES

SCHEDULE 1The trustee corporation

Part 3Money

18Finance

1

The Secretary of State may, with the consent of the Treasury, give financial assistance to the trustee corporation.

2

The assistance—

a

may take the form of grants, loans, guarantees or indemnities;

b

may be given on conditions;

c

in the case of a loan, must be given on a condition requiring the loan to be repaid with interest at a rate approved by the Treasury.

3

Section 5 of the National Loans Act 1968 (c. 13) (rates of interest on certain loans out of the National Loans Fund) has effect as respects the rate of interest on a loan under this paragraph as it has effect as respects a rate of interest within subsection (1) of that section.