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Dormant Bank and Building Society Accounts Bill [Lords]

I am grateful to the hon. Gentleman for his generosity in giving way. As he pointed out, this is a case of angels dancing on the head of a pin, given that both new clauses rely on the discretion of the Treasury. New clause 2 says that reports should be prepared ““From time to time””; as the hon. Gentleman pointed out, that is an incredibly elastic phrase. Under new clause 3, there is no prevention of more than one report, although there is no provision that there should be more than one. New clause 2 adverts slightly to there being more than one report, but ““From time to time”” is so elastic that both clauses would leave the issue to the discretion of the Treasury.