The Treasury after consultation with the Secretary of State may at any time dispose of their interest in all or any of the shares of Cable and Wireless Limited in consideration of such sums as the Treasury may fix; and after any such disposal section 1(1) of the M1Imperial Telegraphs Act 1938 and section 3(5) of the M2Cable and Wireless Act 1946 (which require the payment into the Exchequer of dividends paid on the said shares) shall not apply to dividends so paid in respect of the shares to which the disposal relates.

Any sums required by the Treasury F2or the Secretary of State for making an acquisition under subsection (2) shall be paid out of moneys provided by Parliament; and any sums received by the Treasury F2or the Secretary of State in consideration of a disposal made under subsection (1) or (2), or by way of dividend or otherwise in right of any interest acquired by them F2or him under subsection (2), shall be paid into the Consolidated Fund.