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P a g e s f o r l o g g e d o u t e d i t o r s l e a r n m o r e ● C o n t r i b u t i o n s ● T a l k
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A d d l a n g u a g e s
A d d l i n k s
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United Kingdom legislation
The Post Office (Banking Services) Act 1976 (c. 10) was an act of the Parliament of the United Kingdom . The act gave the Post Office greater power to provide banking services . It also opened up the market between Giro systems and banks for transfer services on behalf of the Treasury.[3]
Provisions [ edit ]
The provisions of the act include:
Extending the power of the Post Office to provide banking services through the amendment of the Post Office Act 1969 and the Protection of Depositors Act 1963 .[4]
Giving the Secretary of State the power to set financial objectives to be achieved by the Post Office in providing banking services.[5]
Making it the duty of the Post Office to abide by any such objectives.[5]
Allowing the government to provide money to the Post Office for the purposes of its banking services in the form of public dividend capital.[6]
Reducing the Post Office's debt incurred under the Post Office Act 1969 by £29.7 million.[7]
Repealing Section 1(2 ) of the Post Office (Borrowing) Act 1972 .[7]
The Post Office (Banking Services) Act 1976 was repealed by the Postal Services Act 2000 .[8]
See also [ edit ]
References [ edit ]
^ Ruozi, Roberto; Anderloni, Luisa (2013). Modernisation and Privatisation of Postal Systems in Europe: New Opportunities in the Area of Financial Services . Springer Science & Business Media . p. 131. ISBN 9783662048825
^ "1 - Extension of power of Post Office to provide banking services" . Legislation.gov.uk . Retrieved 25 September 2019 .
^ a b "2 - Financial objective" . Legislation.gov.uk . Retrieved 25 September 2019 .
^ "3 - Government investment in Post Office's banking services" . Legislation.gov.uk . Retrieved 25 September 2019 .
^ a b "4 - Reduction of capital debt of Post Office" . Legislation.gov.uk . Retrieved 25 September 2019 .
^ "SCHEDULE 9 Repeals and revocations" . Legislation.gov.uk . Retrieved 25 September 2019 .
R e t r i e v e d f r o m " https://en.wikipedia.org/w/index.php?title=Post_Office_(Banking_Services)_Act_1976&oldid=1189587305 " C a t e g o r i e s : ● U n i t e d K i n g d o m A c t s o f P a r l i a m e n t 1 9 7 6 ● P o s t a l s y s t e m o f t h e U n i t e d K i n g d o m ● B a n k i n g i n t h e U n i t e d K i n g d o m ● R o y a l M a i l H i d d e n c a t e g o r i e s : ● U s e d m y d a t e s f r o m S e p t e m b e r 2 0 1 9 ● A r t i c l e s w i t h s h o r t d e s c r i p t i o n ● S h o r t d e s c r i p t i o n i s d i f f e r e n t f r o m W i k i d a t a
● T h i s p a g e w a s l a s t e d i t e d o n 1 2 D e c e m b e r 2 0 2 3 , a t 1 9 : 5 3 ( U T C ) . ● T e x t i s a v a i l a b l e u n d e r t h e C r e a t i v e C o m m o n s A t t r i b u t i o n - S h a r e A l i k e L i c e n s e 4 . 0 ;
a d d i t i o n a l t e r m s m a y a p p l y . B y u s i n g t h i s s i t e , y o u a g r e e t o t h e T e r m s o f U s e a n d P r i v a c y P o l i c y . W i k i p e d i a ® i s a r e g i s t e r e d t r a d e m a r k o f t h e W i k i m e d i a F o u n d a t i o n , I n c . , a n o n - p r o f i t o r g a n i z a t i o n . ● P r i v a c y p o l i c y ● A b o u t W i k i p e d i a ● D i s c l a i m e r s ● C o n t a c t W i k i p e d i a ● C o d e o f C o n d u c t ● D e v e l o p e r s ● S t a t i s t i c s ● C o o k i e s t a t e m e n t ● M o b i l e v i e w
