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CONTRACTS OF EMPLOYMENT AND REDUNDANCY PAYMENTS ACT (NORTHERN IRELAND) 1965 - SECT 36



36.(1) For the purposes of this Act there shall be established, under the
control and management of the Ministry, a fund to be called "the Northern
Ireland Redundancy Fund" (in this Part referred to as "the fund"), [into which
there shall be paid all sums received by the Ministry under this Part, and]
out of which payments shall be made in accordance with the following
provisions of this Act.

(2) The Ministry shall prepare accounts of the fund in such form, in such
manner and at such times as the Ministry of Finance may direct, and shall send
them to the Comptroller and Auditor-General; and the Comptroller and
Auditor-General shall examine and certify the accounts and shall lay copies
thereof, together with his report thereon, before Parliament.

(3) Any moneys forming part of the fund may from time to time be paid over to
the Ministry of Finance and by that Ministry invested in any [such manner as
may be specified by an order of the Treasury for the time being in force under
section 22(1) of the National Savings Bank Act 1971].

(4) The Ministry of Finance shall certify a statement of the securities in
which moneys forming part of the fund are for the time being invested, and
that statement so certified shall be included with the accounts of the fund
laid before Parliament under subsection (2).

S.37 rep. by 1973 c.38 s.100(2)(b) sch.28 Pt.II


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