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The CRND was established by the National Debt Reduction Act 1786, and was originally a non-ministerial government department.. The 1786 act provided that the Commissioners were to be the Speaker of the House of Commons, the Chancellor of the Exchequer, the Master of the Rolls, the Accountant-General of the Court of Chancery and the governor and deputy governor of the Bank of England. [1]
The National Debt Commissioners Act 1818 (58 Geo. 3. c. 66) The National Debt Reduction Act 1823 (4 Geo. 4. c 19) The National Debt Reduction Act 1866 (29 & 30 Vict. c. 11) The National Debt Act 1958 (7 & 8 Eliz. 2. c. 6) The National Debt Act 1972 (c. 65) The National Debt Acts 1870 to 1893 is the collective title of the following acts: [1]
Note: Since 2010, almost all information owned by the UK Crown is offered for use and re-use under the Open Government Licence by authority of The Controller of His Majesty's Stationery Office. info See also: Meta for information on usage on Wikimedia wikis.
A debt collection bureau in Minnesota. Debt collection or cash collection is the process of pursuing payments of money or other agreed-upon value owed to a creditor. The debtors may be individuals or businesses. An organization that specializes in debt collection is known as a collection agency or debt collector. [1]
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The DMO is responsible for day-to-day management of the UK Government's debt.It is tasked with carrying out the UK Government's debt management policy of minimising financing costs over the long term, taking account of risk, and managing the aggregate cash needs of the Exchequer in the most cost-effective way, in both cases consistently with the objectives of monetary and any wider policy ...