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