The Companies Act 1985 (Bank Accounts) Regulations 1991 No. 2705

SCHEDULE 1 AND CONTENT OF ACCOUNTS OF BANKING COMPANIES AND GROUPS

PART I INDIVIDUAL ACCOUNTS

CHAPTER II ACCOUNTING PRINCIPLES AND RULES

SECTION B VALUATION RULESHISTORICAL COST ACCOUNTING RULES

Miscellaneous and supplementary provisions

Substitution of original amount where price or cost unknown

38.  Where there is no record of the purchase price of any asset acquired by a company or of any price, expenses or costs relevant for determining its cost in accordance with paragraph 36, or any such record cannot be obtained without unreasonable expense or delay, its cost shall be taken for the purposes of paragraphs 24 to 34 to be the value ascribed to it in the earliest available record of its value made on or after its acquisition by the company.