Savings Bank Investment Act, 1863

Accounts to be made up annually to 20th November.

9 Geo. 4. c. 92.

6. A balance sheet shall be prepared by the Commissioners for the Reduction of the National Debt, as soon as may be after the twentieth day of November in every year, in which shall be set forth the assets and liabilities of the said Commissioners in respect of savings banks established under the Act of the ninth of George the Fourth, chapter ninety-two, to the credit of which shall be placed the amount of the said charge upon the Consolidated Fund for twenty-four millions, and of all other monies and securities, of whatsoever kind, held by the said Commissioners on account of such savings banks on the said twentieth day of November, valuing such securities respectively at the price which securities of like kind shall bear on that day in the public market, and to the debit of which account shall be carried the total amount due by the said Commissioners to the trustees of savings banks on account of the remittances made by them for investment ; and a copy of such balance sheet shall be laid before both Houses of Parliament not later than the thirty-first day of March then next following.