Part 2

Miscellaneous and general

General

Financial provision
16
1
There shall be paid out of money provided by Parliament—
a
any expenses incurred by the Secretary of State by virtue of this Act;
b
any sums required by him for fulfilling any guarantee given under this Act;
c
any increase attributable to this Act in the sums payable out of money so provided by virtue of any other Act.
2
There shall be paid into the Consolidated Fund any sums received by the Minister—
a
by way of interest on, or repayment of, a loan made under this Act,
b
as a result of the disposal of any securities acquired under this Act, or by way of a dividend or other payment in respect of such securities, or
c
by way of payment under section 7 for any assistance under this Act, other than financial assistance.
3
In this section “securities” has the same meaning as in section 6.
Word in s. 16(2) substituted (10.1.2018) by The Transfer of Functions (International Development) Order 2017 (S.I. 2017/1283), art. 1(2), Sch. para. 9 (with art. 3)