Duchy of Cornwall Management Act 1863

4 Mode of carrying Sales into effect.

On every such Sale, Disposal, or Enfranchisement, where the Consideration for the same shall be wholly or in part a Sum of Money in gross, the Amount thereof shall be paid into the Bank of England, and the Cashiers of the Bank of England, or One of them, shall, upon the Production of any Note signed by the Keeper of the Records of the Duchy of Cornwall or his Deputy, specifying the Sum to be so paid, and that it is to be so paid to the Account of the said Duchy, accept and receive the same, and carry the same to the Account aforesaid (which Account the Governor and Company of the Bank of England are hereby required to open), and give a Receipt for the same without Fee or Reward; and where the Consideration for such Sale, Disposal, or Enfranchisement shall be wholly or in part an annual Sum of Money, such annual Sum shall be considered and dealt with as forming Part of the Revenues of the Duchy of Cornwall; and such annual Sum may be made subject to Repurchase or Redemption at such Times and for such gross Sum of Money as to the Duke of Cornwall shall seem reasonable and expedient; and in the event of such Repurchase or Redemption the Money to be paid for the same shall be paid into the Bank of England, and dealt with in the same Manner as if the same had arisen from a Sale for a gross Sum of Money in the first instance.