# Bank of England Act 1946, Paragraph 11A


(1) If, when a payment falls to be made under section 1(4) of this Act, the Bank’s accounts for the previous financial year have not been audited, the payment shall be made on the basis of the Bank’s estimate of the relevant amounts.
(2) If an amount estimated under sub-paragraph (1) of this paragraph differs from the amount shown in the audited accounts, an appropriate adjustment shall be made to the next payment under section 1(4) of this Act to be made after the difference becomes apparent.

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Source: https://www.legislation.gov.uk/ukpga/Geo6/9-10/27/schedule/FIRST/paragraph/11A (the official version)
Page: https://openlegislation.uk/bank-of-england-act-1946/schedule-FIRST/paragraph-11A
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.

