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(1)Treasure vesting in the Crown under this Act is to be treated as part of the hereditary revenues of the Crown to which section 1 of the [1952 c. 37.] Civil List Act 1952 applies (surrender of hereditary revenues to the Exchequer).
(2)Any such treasure may be transferred, or otherwise disposed of, in accordance with directions given by the Secretary of State.
(3)The Crown’s title to any such treasure may be disclaimed at any time by the Secretary of State.
(4)If the Crown’s title is disclaimed, the treasure—
(a)is deemed not to have vested in the Crown under this Act, and
(b)without prejudice to the interests or rights of others, may be delivered to any person in accordance with the code published under section 11.
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