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Paragraph 120 Public Debt

United Kingdom

(1)

The Public Debt of the Islands shall be charged on the Consolidated Fund and other public funds of the Islands.

(2)

For the purposes of this section, the Public Debt includes the interest on that debt, sinking fund payments in respect of that debt, and the costs, charges and expenses incidental to the management of that debt.

Notes on Schedule 2

Commencement

I1

Sch. 2 in force at 15.10.2012, see art. 1(2)