Cap. 223 Art. 17Premium Bonds Fund.

(1) There shall be established a fund to be called the Premium Bonds Fund, and there shall be paid into the Fund all proceeds derived from the sale of bonds and there shall be paid out of the Fund all repayments of bonds.

(2) The Fund shall be held and administered by the Bank in accordance with such directions as the Minister, after consultation payment as aforesaid under the said guarantee shall be a charge on the Consolidated Fund and shall be payable out of the said Consolidated Fund and the assets of the Government.