Section 212 | Accounts of Consolidated Fund and National Loans Fund

(1)Section 21 of the National Loans Act 1968 (accounts of Consolidated Fund and National Loans Fund) is amended as follows.

(2)In subsection (1) (annual accounts of payments in and out), for the words from “in such form” onwards substitute “ an account relating to the Consolidated Fund, and an account relating to the National Loans Fund, in such form and containing such information as the Treasury consider appropriate. ”.

(3)Omit subsection (3) (statements of additional information regarding transactions, assets and liabilities of Consolidated Fund and National Loans Fund).

(4)Subsection (2) has effect for the financial year ending with 31st March 2004 and subsequent financial years.

(5)Subsection (3) has effect for such financial year as the Treasury may by order made by statutory instrument appoint and subsequent financial years.