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Duchy of Cornwall Management Act 1863

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17Monies and Stock standing in the Name of the Duke, of Cornwall at the Bank of England to be treated as arising under this Act.

All Monies which at the Time of the passing of this Act shall be standing to the Credit of the Account of the Duke of Cornwall at the Bank of England, or which shall be payable to the Credit of that Account, or may be received upon any Sale of any Part of the Possessions of the said Duchy under the Provisions of any other Act of Parliament, shall be considered as forming Part of the Monies arising from a Sale of the Possessions of the Duchy of Cornwall under the Provisions of this Act, and be carried over or placed to the Account of the Duchy of Cornwall at the Bank of England, and shall be dealt with accordingly; and all Bank Annuities which at the Time of the passing of this Act shall be standing in the Name of the Duke of Cornwall in the Books of the Governor and Company of the Bank of England shall be considered as having been purchased with Monies arising from a Sale of the Possessions of the Duchy of Cornwall under the Provisions of this Act, and be transferred to the Account of the Duchy of Cornwall, and be dealt with accordingly; and all Orders and Letters of Attorney which may be required by the Governor and Company of the Bank of England for effecting any such carrying over or Transfer may be under the Hands or under the Hands and Seals of some Three of the Persons authorized to sign Drafts as aforesaid.

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