Abolition of certain funds

Abolition of Exchequer Accrued Interest Fund4

1

The Exchequer Accrued Interest Fund shall cease to exist and all its assets and liabilities shall be transferred to the Consolidated Fund.

2

Section 17 of the Act of 1950 (which makes provision relating to the Exchequer Accrued Interest Fund) shall cease to have effect.

Art. 5 rep. by 2004 NI 22

Abolition of Reserve Fund6

1

The Reserve Fund shall cease to exist and all its assets shall be transferred to the Consolidated Fund.

2

Section 21 of the Act of 1950 (which makes provision relating to the Reserve Fund) shall cease to have effect.

Abolition of Terminable Revenues Sinking Fund7

1

The Terminable Revenues Sinking Fund shall cease to exist and all its assets shall be transferred to the Consolidated Fund.

2

Section 27 of the Act of 1950 (which makes provision relating to the Terminable Revenues Sinking Fund) shall cease to have effect.

Art. 8 rep. by 1992 NI 3