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Lord Chancellor may authorize payment or transfer into court of money or stock as security for receiver.
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30. Where it is desired and the Lord Chancellor intrusted as aforesaid allow that the receiver shall, in lieu of giving security in the manner now used by bond or recognizances with sureties, give security, in the whole or in part, by bringing into court an adequate sum of money or stock, the Lord Chancellor intrusted as aforesaid may by order direct or give liberty for the payment into the Bank of Ireland, with the privity of the Accountant General of the Court of Chancery, to the credit of the matter of the lunatic and the separate credit of the receiver, and as his security pro tanto, any sum of money, or the transfer into the name and with the privity of the said Accountant General, in the matter of the lunatic, and to the separate credit of the security of the receiver, of any sum of stock; and such transfer, investment, and application shall be made by virtue of such order of the Lord Chancellor intrusted as aforesaid, and such sum of money or stock when so paid in or transferred as aforesaid shall stand and be subject to such orders as the Lord Chancellor intrusted as aforesaid shall from time to time or at any time make in respect thereof; and the said Accountant General shall declare the trust of the sum of money or stock when so paid or transferred accordingly, subject to the order of the Lord Chancellor intrusted as aforesaid.
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