Crown Lands Act 1851

XXVIII Monies in Banks, and Stock, to be transferred to Commissioners of Works, &c.

Subject to the Powers vested in the Commissioners of Her Majesty's Treasury under this Act, all Monies which at the Time of the Commencement of this Act shall be in the Bank of England, in the Bank of Ireland, in the Royal Bank of Scotland, or in any other Bank, placed to the Credit of any Account or Accounts under the Control of the Commissioners of Her Majesty's Woods, Forests, and Land Revenues, Works, and Buildings, under or for the Purposes of any of the Acts mentioned in the Schedule to this Act, or for the Purposes of any Duties or Powers vested in the Commissioners of Her Majesty's Works and Public Buildings under this Act, shall forthwith after the Commencement of this Act be transferred, and the Governors and Managers of such Banks respectively are hereby authorized and required to transfer the same Monies respectively, to the Credit of a like Account under the Control of the Commissioners of Her Majesty's Works and Public Buildings, and all Monies which would have been payable to or applicable by the Commissioners of Her Majesty's Woods, Forests, Land Revenues, Works, and Buildings, under or for the Purposes of any of such last-mentioned Acts, or for the Purposes of any of the Duties or Powers vested in the Commissioners of Her Majesty's Works and Public Buildings under this Act, shall be payable to and applicable by such last-mentioned Commissioners ; and all Government Annuities, Stocks, Funds, and Securities which at the Time of the Commencement of this Act shall be standing in the Books of the Governor and Company of the Bank of England, in the Names of the Commissioners of Her Majesty's Woods, Forests, Land Revenues, Works, and Buildings, under or for the Purposes of any of the Acts mentioned in the Schedule to this Act, shall forthwith after the Commencement of this Act be transferred, and the Governor and Company of the Bank of England are hereby required and authorized to transfer the same, to Accounts to be opened in the Name of the Commissioners of Her Majesty's Works and Public Buildings for the like Purposes; and the Order of the Commissioners of Her Majesty's Treasury for the Transfer to the Credit or into the Names of the Commissioners of Her Majesty's Works and Public Buildings of any Monies, Annuities, Stocks, Funds, or Securities mentioned in such Order, standing to the Credit or in the Names of the Commissioners of Her Majesty's Woods, Forests, Land Revenues, Works, and Buildings, shall be a sufficient Authority for such Transfer.