(1) There shall be paid out of money provided by Parliament expenditure incurred -

(a) by the Treasury for any purpose in connection with Parts 1 to 3 of this Act,

(b) by the Treasury, or by the Secretary of State with the consent of the Treasury, in respect of, or in connection with giving, financial assistance to or in respect of a bank or other financial institution (other than in respect of loans made in accordance with section 229), or

(c) by the Treasury in respect of financial assistance to the Bank of England.

(2) For the purpose of subsection (1)(b) expenditure is incurred in respect of financial assistance in respect of banks or other financial institutions if it is incurred in respect of an activity, transaction or arrangement, or class of activity, transaction or arrangement, which is expected to facilitate any part of the business of one or more banks or other financial institutions; and for that purpose it does not matter -

(a) whether or not that is the sole or principal expected effect of the activity, transaction or arrangement, or