Finance Act 1983

43National savings: supplements

(1)Where any sum has been borrowed by the Treasury on terms set out—

(a)in the prospectus for Save As You Earn Savings Contracts (Third Issue); or

(b)in the prospectus for Index-Linked National Savings Certificates Retirement Issue; that prospectus shall (whether the sum was borrowed before or after the passing of this Act) be taken to have included a provision empowering the Treasury to supplement, from time to time, the due amount and requiring any such supplement to be paid on such terms as may be notified by the Treasury in the London, Edinburgh and Belfast Gazettes.

(2)" The due amount " means—

(a)in the case of the prospectus mentioned in subsection (1)(a) above, the amount due»under paragraph 7, 8, 9 or 10; and

(b)in the case of the other prospectus, the amount due under paragraph 4.