Finance Act 1971
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Change 1
68 Payments to Banks of England and Ireland in respect of management of Government securities.
Section 16 of the National Loans Act 1968 (supplemental provisions as to the national debt) shall be amended as follows— (a) in subsection (7) (under which payments to the Banks of England and Ireland in respect of management of Government securities must relate to management in financial years ending on 31st March), for the words “in the year ending 31st March 1968 or any subseequent financial year” there shall be substiuted the words “in any period”, and (b) subsection (8) (which governs the calculation of the amount of such payments and the time of payment) shall be omitted.
68 Payments to Banks of England and Ireland in respect of management of Government securities.
Section 16 of the National Loans Act 1968 (supplemental provisions as to the national debt) shall be amended as follows— (a) in subsection (7) (under which payments to the Banks of England and Ireland in respect of management of Government securities must relate to management in financial years ending on 31st March), for the words “in the year ending 31st March 1968 or any subseequent financial year” there shall be substiuted the words “in any period”, and (b) subsection (8) (which governs the calculation of the amount of such payments and the time of payment) shall be omitted.
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