So, in my example, the reclaim fund would have to pay the additional £20 even though it had received only £100 in the first instance, and that calculation is entirely in the hands of the banks. I think that is what the Minister is saying.
Dormant Bank and Building Society Accounts Bill [HL]
Proceeding contribution from
Baroness Noakes
(Conservative)
in the House of Lords on Monday, 10 December 2007.
It occurred during Debate on bills
and
Committee proceeding on Dormant Bank and Building Society Accounts Bill [HL].
Type
Proceeding contribution
Reference
697 c23GC
Session
2007-08
Chamber / Committee
House of Lords Grand Committee
Subjects
Librarians' tools
Timestamp
2023-12-16 02:31:56 +0000
URI
http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_428021
In Indexing
http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_428021
In Solr
https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_428021