Cap. 223 Art. 18Premium Bonds IncomeAccount.

(1) All dividends, interest and other revenue derived from investments or other employment of moneys in the Fund made under article 17(2) and all sums due to the Government under article 14(2) shall be paid into an account to be called the Premium Bonds Income Account and to be held with the Bank.

(2) There shall be charged upon and paid out of the Account without any further appropriation other than this Act:

(a) all expenses relating to the promotion and administration of the bonds and all other charges connected therewith, including all preliminary expenses incurred or paid before the coming into force of this Act; and

(b) all sums due by way of a prize under this Act and all other charges and expenses connected with the draw and with the distribution of prizes under this Act.