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Paragraph 8 Liquid assets

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

The amounts of loans and advances classifiable in the balance sheet as “cash with banks” shall be shown on the basis of their remaining maturity as follows:

(a)

repayable on demand; and

(b)

others with remaining maturity of—

(i)

not more than three months,

(ii)

more than three months but not more than one year,

(iii)

more than one year but not more than five years, and

(iv)

more than five years.

(2)

The amounts classifiable in the balance sheet as UK Government securities shall be shown on the basis of their remaining maturity as follows—

(a)

not more than one year,

(b)

more than on year but not more than five years, and

(c)

more than five years.

(3)

The amounts classifiable in the balance sheet as “other securities” shall be shown on the basis of their remaining maturity as follows—

(a)

not more than one year, and

(b)

more than one year.

(4)

In respect of the aggregate amount shown under subparagraph (2) above there shall be stated how much of that amount is ascribable to listed investments and, where it differs from the amount so stated, the aggregate market value, and the same shall apply in respect of the aggregate amount shown under subparagraph (3) above.