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<p>The National Fund is a charitable trust set up in 1928 for the purpose of accumulating
income sufficient to discharge the National Debt. According to expert evidence, there
is no realistic prospect of the Fund ever amounting to a sum sufficient to pay off
the whole of the National Debt.</p><p> </p><p>The Attorney General has applied to
the High Court for the National Fund to be released, with the proceeds used for reducing
the National Debt. This use of the funds is in keeping with the fund’s original intention.
It is for the High Court to determine the Attorney General’s application.</p>
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