(1)Where any balances to the credit of any person in respect of the principal or interest or otherwise of F2... securities issued or moneys borrowed under or by virtue of section eleven of this Act shall have remained dormant or unclaimed in the hands of the Ministry for a period of six years at least before the first day of January then last past, the Ministry may direct that such balances shall be transferred to the[F3 Consolidated Fund].
(2)Where the Ministry is satisfied that any person making a claim in that behalf is entitled to any payment in respect of the sums transferred to the[F3 Consolidated Fund] under this section, the Ministry may issue to that person out of the Consolidated Fund such sums as may appear to it to be necessary to provide for the said payment.]