HC Deb 28 April 1993 vol 223 cc1091-2

Amendment made: No.54,in page 12, line 38, leave out 'or 28'.

No. 55, in page 12, line 41, leave out from 'Treasury' to end of line 43.

No. 56, in page 12, line 44, leave out from beginning to `be' in line 46 and insert— '(2) The proceeds of any investment made under subsection (1) or this subsection may be re-invested by the National Debt Commissioners in accordance with such directions as may be given by the Treasury. (2A) The proceeds of any investment made under subsection (1) or (2) shall, if they are not re-invested under subsection (2),'.

No. 57, in page 13, leave out lines 1 to 3.

No. 58, in page 13, line 4, leave out 'investment was made' and insert 'proceeds are attributable to the investment of sums paid under subsection (1)'.

No. 59, in page 13, line 5, after 'held' insert 'in the Distribution Fund'.

No. 60, in page 13, line 8, leave out 'investment was made' and insert 'proceeds are attributable to the investment of sums paid under subsection (1)'.

No. 61, in page 13, line 10, after 'held' insert 'in the Distribution Fund'.

No. 62, in page 13, line 12, at end insert— `() In this section "proceeds", in relation to an investment, means any interest or dividends received in respect of the investment and any sums received on the realisation of the investment. '() For the purposes of subsection (2A), the extent to which any proceeds are attributable to the investment of sums paid under subsection (1) out of money held for distribution by a particular body or held in the name of the Secretary of State shall be determined by, or in accordance with principles determined by, the Secretary of State.'.

No. 63, in page 13, leave out lines 13 to 15.—[Mr. Key.]

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