Clause 295 - Interest

Part of Proceeds of Crime Bill – in a Public Bill Committee am 11:00 am ar 10 Ionawr 2002.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of Mr Nick Hawkins Mr Nick Hawkins Ceidwadwyr, Surrey Heath 11:00, 10 Ionawr 2002

I beg to move amendment No. 417, in page 171, line 18, leave out subsection (2).

The purpose of the amendment, which was, once again, helpfully drafted by the Law Society of Scotland, is to explore with the Minister the purpose of the exception in subsection (2). I appreciate that banknotes might have fingerprints on them and might be required as exhibits in a court case. Perhaps that is the reason for subsection (2)—the Minister will tell us in a moment. If it is not, we would be concerned that there should be any other reason why any cash, even if it is involved in another case, should not bear interest.

We agree with the main provision of subsection (1).

We believe that it is right to put such cash in interest-bearing accounts so that interest is added if the cash is subsequently released. I am not merely probing, and I should like to hear what the Minister says on the subject.