7

1 This paragraph applies to the investments and money which constitute the funds in court of— a the House of Lords, or b the Judicial Committee of the Privy Council, that are held in relation to transferred proceedings. 2 On the transfer day the investments and money are, by virtue of this paragraph and without any transfer or assignment, vested in the accounting officer as funds in the Supreme Court. 3 In dealing with any investments and money vested in him by virtue of this paragraph, the accounting officer must comply with any directions which the Lord Chancellor may give with a view to securing the transition of the administration of the funds in court referred to in sub-paragraph (1).