# The Banking Act 1987 (Exempt Transactions) Regulations 1997, Paragraph 4: NOW THIS DEED WITNESSETH AND IT IS HEREBY DECLARED as follows:


(1) The Fund shall consist of:
(a) joining and supplementary contributions as hereafter mentioned;
(b) monies borrowed for the purposes of the Fund;
(c) interest and dividends from investments;
(d) dividends recovered in any liquidation;
(e) the investments, property and other assets representing from time to time the above or any of them.
(2) There shall be chargeable to the Fund:
(a) payments to meet the banking administrative and management expenses of the Union and/or the Bank in accordance with sub clause 3(6) above and clause 14 hereof;
(b) refunds to Participating Societies as hereinafter provided;
(c) moneys required for the repayment of borrowings and any interest thereon;
(d) payments to depositors in respect of protected deposits as hereinafter provided.

---
Source: https://www.legislation.gov.uk/uksi/1997/817/schedule/1/paragraph/4 (the official version)
Page: https://openlegislation.uk/banking-act-1987-exempt-transactions-regulations-1997/schedule-1/paragraph-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.