Upon the death or removal of any such Remembrancer, Queen’s Remembrancer, or other proper officer respectively, all stock and securities vested in him by virtue of this Act shall vest in the succeeding Remembrancer, Queen’s Remembrancer, or other proper officer respectively, for the purpose herein-before mentioned, without any assignment or transfer; and all moneys paid into the said banks respectively in pursuance of this Act, or remaining in the hands of any Remembrancer, Queen’s Remembrancer, or other proper officer respectively, at his death or removal, and not invested in the funds or placed out on securities as aforesaid, shall be paid over to the succeeding Queen’s Remembrancer or other proper officer respectively for the time being.