The National Savings Bank (Investment Deposits) (Limits) (Amendment) Order 1981
This Order, which amends the National Savings Bank (Investment Deposits) (Limits) Order 1977, increases the limit on the aggregate amount which can be accepted by the Director of Savings from any person by way of investment deposit in the National Savings Bank from £50,000 to £200,000. The Order also provides that amounts credited to an investment deposit account by the Director of Savings under Regulation 45 of the National Savings Stock Register Regulations 1976 are to be included among the amounts which are excepted from the aggregate limit. Regulation 45 empowers the Director of Savings to credit to an investment deposit account any payment to be made to the depositor in pursuance of the 1976 Regulations (including dividends) and any payment falling to be made in respect of stock or securities registered in the National Savings Stock Register for which the Director of Savings is unable to obtain a valid discharge.