New Clause 17 - Premium Bonds

Part of Finance Bill – in a Public Bill Committee at 10:30 am on 24th June 2004.

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'Regulations under section 11 of the National Debt Act 1972 (c.65) (power of Treasury to make regulations as to raising of money under auspices of Director of Savings) may repeal any provision contained in section 54 of, or Schedule 18 to, the Finance Act 1968 (c.44) (terms of issue of premium savings bonds).'.—[Ruth Kelly.]

Brought up, and read the First time.

Motion made, and Question proposed, That the clause be now read a Second time.