The National Savings Bank (Investment Deposits) (Limits) (Amendment) Order 1993

Made: 7th May 1993

Coming into force: 10th May 1993

Now, therefore, the Treasury, in exercise of the powers conferred upon them by section 4 of the National Savings Bank Act 1971[^f00001], and of all other powers enabling them in that behalf, hereby make the following Order:

1

This Order may be cited as the National Savings Bank (Investment Deposits) (Limits) (Amendment) Order 1993 and shall come into force on 10th May 1993.

2

The National Savings Bank (Investment Deposits) (Limits) Order 1977 [^f00002] shall be amended in article 3 by the substitution of the figure “£100,000” for the figure “£25,000”.

3

The National Savings Bank (Investment Deposits) (Limits) (Amendment) Order 1989[^f00003] is hereby revoked.

Signed

Tim Wood — Irvine Patnick — Two of the Lords Commissioners of Her Majesty’s Treasury — 7th May 1993

Explanatory note

(This note is not part of the Order)

This Order, which further amends the National Savings Bank (Investment Deposits) (Limits) (Order) 1977, increases the limit on the aggregate amount which can be accepted by the Director of Savings from any person by way of an investment deposit in the National Savings Bank from £25,000 to £100,000

Footnotes

[^f00001]: 1971 c. 29; section 4 was amended by paragraph 3 of Schedule 20 to the Finance Act 1982 (c. 39).

[^f00002]: S.I. 1977/1210; the figure of #25,000 was inserted by S.I. 1989/2444; there are other amendments not relevant to this Order.

[^f00003]: S.I. 1989/2444.