Section 163 | National savings

(1)Section 10 of the National Debt Act 1972 (c. 65) (national savings stamps and gift tokens) is amended as follows.

(2)In subsection (2), after “tokens; and” insert “ (subject to regulations under subsection (2A)) ”.

(3)After that subsection insert—

(2A)Where the Treasury has issued a sum to the National Debt Commissioners under subsection (2), it may by regulations require them to repay to the National Loans Fund, in the way specified in the regulations, so much of that sum as may be specified in, or determined in accordance with, the regulations.