(1)For the financial year ending on 31st March 1969 and each subsequent financial year the Treasury shall prepare [F1an 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.]
(2)The Treasury shall send the accounts to the Comptroller and Auditor General not later than the end of November following the end of the financial year to which they relate, and the Comptroller and Auditor General shall examine, certify and report on the accounts and lay copies of them, together with his report, before each House of Parliament.
F2(3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F3
Textual Amendments
F1Words in s. 21(1) substituted (with effect in accordance with s. 212(4) of the amending Act) by Finance Act 2003 (c. 14), s. 212(2)
F2S. 21(3) repealed (with effect in accordance with s. 212(5) of the amending Act) by Finance Act 2003 (c. 14), s. 212(3), Sch. 43 Pt. 5(5); S.I. 2004/2823, art. 2
F3S. 21(4) repealed by Statute Law (Repeals) Act 1973 (c. 39), Sch. 1 Pt. XIII
(1)In this Act [F4“local loans” has the meaning] given by section 3 of this Act.
(2)Any provision in this Act, or in the Acts amended by this Act, charging payments on the National Loans Fund “with recourse to” the Consolidated Fund shall be construed as a requirement that the payment, if it is not made out of the National Loans Fund, shall be charged on and paid out of the Consolidated Fund.
(3)In this Act “securities of Her Majesty’s Government in the United Kingdom” includes national savings certificates and premium savings bonds but does not include securities issued under—
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F5,
the M1Irish Land Act 1903,
the M2Irish Land Act 1909,
the M3Northern Ireland Land Act 1925.
(4)Any reference in this Act to any enactment includes a reference to that enactment as amended by any other Act including this Act.
Textual Amendments
F4Words in s. 22(1) substituted (25.2.2020) by The Public Bodies (Abolition of Public Works Loan Commissioners) Order 2020 (S.I. 2020/176), art. 1(2), Sch. 1 para. 66 (with art. 9)
F5Words repealed by Finance Act 1989 (c. 26, SIF 99:3), s. 187, Sch. 17 Pt. XIV
Modifications etc. (not altering text)
C1S. 22(2) amended by Post Office Act 1969 (c. 48), s. 131(2)
C2S. 22(2) applied (26.3.2015) by Finance Act 2015 (c. 11), s. 124(3)(7)
Marginal Citations
(1)This Act extends to Northern Ireland
(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F6
Textual Amendments
(1)This Act may be cited as the National Loans Act 1968.
(2)The enactments mentioned in Schedule 6 to this Act (which include enactments conferring powers of government borrowing superseded by this Act and enactments which are obsolete or spent) shall be repealed to the extent specified in the third column of that Schedule, but subject to any saving at the end of any Part of that Schedule.
(3)Except as otherwise expressly provided, this Act shall come into force on 1st April 1968 and have effect for the financial year beginning on that date and subsequent financial years.
Modifications etc. (not altering text)
C3The text of ss. 1(5), 8(2), 13(5), 17(1), 24(2) and Sch. 6 is in the form in which it was originally enacted: it was not reproduced in Statutes in Force and does not reflect any amendments or repeals which may have been made prior to 1.2.1991.