This raises the question of how the reclaim fund invests the money. Potentially, it could be required to pay out significantly more than it receives—for example, the five shillings and eleven pence of my noble friend Lord Shutt could be worth £20 or £30, whatever it is. Presumably the reclaim fund will have to invest its money to best effect for it to be capable of paying back to the banks any amounts that are required to be paid.
Dormant Bank and Building Society Accounts Bill [HL]
Proceeding contribution from
Lord Newby
(Liberal Democrat)
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
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Timestamp
2023-12-16 02:25:26 +0000
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