AMENDMENTS ARISING FROM ARTICLE 21
The Savings Banks (Ordinary Deposits) (Limits) Order 1969(1)
8. Article 3(2)(b) of the Savings Banks (Ordinary Deposits) (Limits) Order 1969 (which exempts the crediting to a depositor’s account in the National Savings Bank of dividends on any stock or bonds held by the depositor in the Register from the provisions of that Order which prohibit the crediting of any amount to that Bank by way of ordinary deposit in excess of the limits applicable under the Order) shall be amended by inserting after paragraph (ii) the following new paragraph—
“(iia)dividends paid in accordance with article 21 of the National Savings Stock Register (Closure of Register to Gilts) Order 1998 on any Government stock or bonds held by him in the books of the Bank of England.”.
The National Savings Bank (Investment Deposits) (Limits) Order 1977(2)
9. For article 4(1)(c) of the National Savings Bank (Investment Deposits) (Limits) Order 1977 (which exempts the crediting of any amount by the Director of Savings under regulation 45 of the National Savings Regulations from the provisions of that Order which prohibit the crediting of any amount to the National Savings Bank by way of investment deposit in excess of the limits applicable under the Order) there shall be substituted the following—
“(c)the crediting of any amount—
(i)by the Director of Savings under regulation 45 of the National Savings Stock Register Regulations 1976, or
(ii)paid under article 21 of the National Savings Stock Register (Closure of Register to Gilts) Order 1998;”.
S.I. 1969/939; the relevant amending instrument is S.I. 1969/1699.
S.I. 1977/1210; the relevant amending instrument is S.I. 1981/108.