Offences Against the State (Forfeiture) Act, 1940

• Permanent Page URL

Disposal of moneys received by the Minister for Finance.

5.—(1) All moneys delivered to the Minister for Finance in pursuance of this Act (other than moneys sold or exchanged by the Minister for Finance after such delivery), the net proceeds of the sale, exchange, or other disposition of any property (including money) sold, exchanged, or otherwise disposed of by the Minister for Finance under this Act, and all income received by the Minister for Finance from any property transferred to him by the operation, by virtue of this Act, of an order made by the Minister under this Act shall be lodged to a separate account (in this section referred to as the said separate account) in the custody and under the control of the Minister for Finance.

(2) All compensation payable by the Minister for Finance in pursuance of an order of a Court made under this Act shall be paid out of the said separate account.

(3) Such balances in the said separate account as from time to time appear to the Minister for Finance not to be required for the payment of compensation in pursuance of the next preceding sub-section of this section shall be paid into or disposed of for the benefit of the Exchequer in such manner as the Minister for Finance shall direct.