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Dormant Bank and Building Society Accounts Bill [HL]

I shall try to help here. There are three jobs for the reclaim fund. First, it has to keep proper records. Secondly, it has to invest any money it receives. The third and main aspect, though, is judgment. The fund has to judge how much it dares to give to charitable purposes, whether a local or a national scheme, and how much it holds back. Then, having held back that amount, it has to exercise more judgment on a later occasion about how much more of that sum it should hold. With regard to the word ““only””, what else does the fund need to spend money on? That is what the noble Baroness is asking.