BAILII is celebrating 24 years of free online access to the law! Would you consider making a contribution?
No donation is too small. If every visitor before 31 December gives just £1, it will have a significant impact on BAILII's ability to continue providing free access to the law.
Thank you very much for your support!
 |
[Home] [Databases] [World Law] [Multidatabase Search] [Help] [Feedback] | |
United Kingdom Statutory Instruments |
||
|
You are here: BAILII >> Databases >> United Kingdom Statutory Instruments >> The National Savings Bank (Investment Deposits) (Limits) (Amendment) Order 1989 No. 2444 URL: http://www.bailii.org/uk/legis/num_reg/1989/uksi_19892444_en.html |
||
[New search] [Help]
Statutory Instruments
SAVINGS BANKS
Made
20th December 1989
Coming into force
1st January 1990
Whereas a draft of this Order has been laid before Parliament and a period of 40 days beginning with the day of laying has expired and neither House of Parliament has resolved that the Order be not made; Now, therefore, the Treasury, in exercise of the powers conferred on them by section 4(1) of the National Savings Bank Act 1971(1) , 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 1989, and shall come into force on 1st January 1990.
2. The National Savings Bank (Investment Deposits) (Limits) Order 1977(2) shall be amended in Article 3 by substituting for the sum
3. The National Savings Bank (Investment Deposits) (Limits) (Amendment) Order 1986(3) is hereby revoked.
Thomas Sackville
Kenneth Carlisle
Two of the Lords Commissioners of Her Majesty's Treasury
20th December 1989
(This note is not part of the Order)
This Order, which further amends the National Savings Bank (Investment Deposits) (Limits) Order 1977, reduces 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 £100,000 to £25,000.
1971 c. 29; section 4 was amended by paragraph 3 of Schedule 20 to the Finance Act 1982 (c. 39).
S.I. 1986/1217.
