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324Government borrowing: preparations for possible adoption of Euro

(1)    The Treasury may incur expenditure with a view to securing that they would be able to exercise their functions under sections 12 to 20A of (and Schedule 5A to) the National Loans Act 1968 (c 13) (national debt and government accounting) if the United Kingdom were to adopt the single currency in accordance with the Treaty establishing the European Communities.

(2)    The Director of Savings may incur expenditure with a view to securing that he would be able to exercise his functions if the United Kingdom were to adopt the single currency in accordance with the Treaty establishing the European Communities.

NOTES
Initial Commencement
Royal Assent

This Act received Royal Assent on 22 July 2004 and this section came into force on that date in the absence of any specific commencement provision.
Tort94 Civil Procedure & Administration of Justice94 Limitation of Actions94 Personal Injuries Proceedings & Damages94 Personal Injury94

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