Dormant Bank and Building Society Accounts Bill [HL]

I do not have the slightest doubt that my noble friend Lord Sainsbury is associated with a hugely successful venture such as the charity identified by the noble Viscount. I should welcome the opportunity to discuss that success with him and assure noble Lords that I will do so. The noble Viscount, Lord Eccles, indicated that this charity is involved in £50 million but he will recognise that that falls considerably short of the resources that we are anticipating will be distributed from this fund. I shall need to look at that charity, but there is a difference between a fund where it is entirely open to the public’s right to present schemes to it and a charity where the public will be much more concerned about the specific objectives. People will be a good deal less knowledgeable about charitable operations in this country than they will be about this significant fund.