Dormant Bank and Building Society Accounts Bill [HL]

As we are giving an overview, I should make it clear that I have been involved in the mutual movement for a very long time. I am interested in ensuring that those in the mutual movement which have an existing charitable foundation—whether it is the larger building societies that are over the £7 billion mark or the smaller ones under it—will not find that, all of sudden, the money in dormant accounts which they have looked after and where they have done their best to discover the owners is going to be siphoned off to, of all places, the Big Lottery. I heard what the noble Baronesses said, but if we are talking about small charities, then I am not sure that the Big Lottery Fund is exactly the ideal vehicle. However, that is a matter for debate. I support my noble friend on the first subsection of the new clause inserted by Amendment No. 15. In Parliament, we too often put through a law and do not take stock of its effect. That amendment requires that there shall be a report to Parliament one year after this Act comes into operation. The noble Baroness who spoke at the beginning indicated that there will be future developments. That is a fundamental point in the report, and I would not have thought that such a point was in the least bit party political. I hope we will be able to pass the amendment, and that the Minister will be able to take it on board quickly without much further debate.