Section 212 — Finance Act 2003: Accounts of Consolidated Fund and National Loans Fund

Accounts of Consolidated Fund and National Loans Fund 212 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.