Finance Act, 1944

Power of Minister for Finance to direct transfer of assets of wound-up funds to the Savings Certificates Reserve Fund.

21.—On the winding up of any fund or account the assets of which fall to be paid into or disposed of for the benefit of the Exchequer, the Minister for Finance may direct that such assets shall, to such extent as he may think proper, be paid and transferred to the Savings Certificates Reserve Fund and placed to the credit of the Principal Reserve Account.