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(1)The Accountant General and the Public Trustee shall, in respect of the period beginning with the commencement of this Act and ending with the last day of February next following, and in respect of each accounting year beginning after that commencement, each prepare, in such form as the Treasury may direct, such accounts of his transactions under common investment schemes, rules made under section 7 of this Act, rules made under section 168 of the [1959 c. 22.] County Courts Act 1959, rules made under section 169 of that Act and statutory deposit regulations as the Treasury may direct, and shall send them to the Comptroller and Auditor General not later than the end of October following; and the National Debt Commissioners shall, in respect of the period beginning with the commencement of this Act and ending with the last day of February next following, and in respect of each accounting period beginning after that commencement, prepare in such form as the Treasury may direct, such accounts of their transactions under rules made under the said section 7 and rules made under the said section 168 and of their transactions under section 12 of this Act as the Treasury may direct, and shall send them to the Comptroller and Auditor General not later than the end of October following.
(2)The Comptroller and Auditor General shall examine, certify and report on accounts sent to him under the foregoing subsection and lay copies of them and of his report thereon before each House of Parliament.
(3)The transactions under rules made under section 168 of the County Courts Act 1959 of which accounts are, by section 173 of that Act, required to be kept by the Accountant General and the Commissioners shall not include any effected after the commencement of this Act.
(4)In section 14(1) of the [1906 c. 55.] Public Trustee Act 1906 (which specifies purposes for which rules are to be made), the reference to accounts to be kept shall be construed as not including accounts of transactions of which accounts are required by subsection (1) above to be kept by the Public Trustee.
Any power conferred by this Part of this Act to make a scheme, or rules or regulations, shall be exercisable by statutory instrument which shall be subject to annulment in pursuance of a resolution of either House of Parliament.
(1)The enactments specified in column 1 of Schedule 1 to this Act shall have effect subject to the amendments respectively specified in relation thereto in column 2 of that Schedule (being amendments necessary for bringing those enactments into conformity with this Part of this Act).
(2)Without prejudice to section 23 of the [1889 c. 63.] Interpretation Act 1889 or any corresponding enactment of the Parliament of Northern Ireland, any reference in an Act passed or other instrument made before the commencement of this Act which is, or includes, a reference to a provision of the [1845 c. 18.] Lands Clauses Consolidation Act 1845 that is amended by this Act shall, unless the contrary intention appears, be construed as referring, or as including a reference, to that provision as so amended.
In this Part of this Act and in Schedule 1 to this Act the following expressions have the meanings hereby assigned to them respectively, that is to say,—
" the Accountant General " means the Accountant General of the Supreme Court;
" accounting year " means a period of twelve months beginning with 1st March ;
" the Commissioners " means the National Debt Commissioners;
" common investment scheme " has the meaning assigned to it by section 1(2) of this Act;
" the Consolidated Fund " means the Consolidated Fund of the United Kingdom;
" county court " means a county court in England or Wales;
" the mental health authority " means the authority having jurisdiction under Part VIII of the [1959 c. 72.] Mental Health Act 1959;
" statutory deposits " means sums of money deposited as mentioned in section 14(2) of this Act;
" statutory deposit regulations " means regulations made under any of the enactments mentioned in section 14(5) of this Act, rules made under section 64 of the [1870 c. 78.] Tramways Act 1870, or any provision included in an order under the [1896 c. 48.] Light Railways Act 1896 by virtue of section 11(k) thereof;
" the Supreme Court " means the Supreme Court of Judicature in England.
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