EXCHEQUER AND AUDIT ACT (NORTHERN IRELAND) 1921 - SECT 2 Formation of one general fund in Bank applicable to Exchequer issues.

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EXCHEQUER AND AUDIT ACT (NORTHERN IRELAND) 1921 - SECT 2

Formation of one general fund in Bank applicable to Exchequer issues.

2. All moneys paid to the account of the ... Exchequer shall be considered as
forming, in the books of the Exchequer Bank, one general fund, being the
Consolidated Fund of Northern Ireland; and all orders directed by the Ministry
of Finance to the Exchequer Bank for issues out of credits to be granted by
the Comptroller and Auditor-General, as hereinafter provided, for the public
service, shall be satisfied out of the Consolidated Fund; and with a view to
economise the public balances, the Ministry of Finance shall restrict the sums
to be issued or transferred from time to time to the credit of accounts of
[Departments] at any prescribed bank, as hereinafter provided, to such total
sums as that Ministry may consider necessary for conducting the current
payments for the public service entrusted to such [Departments]; and the said
[Departments] may consider the sums so issued or transferred to their accounts
as constituting part of their general drawing balance, applicable to the
payment of all the services for which they are accountable, but such sums
shall be carried in the books of [such Departments] to the credit of the
respective services for which the same may be issued, as specified in such
orders:

Provided always, that this enactment shall not be construed to empower the
Ministry of Finance or any authority to direct the payment, by any [such
Department], of expenditure not sanctioned by any Act whereby services are or
may be charged on the Consolidated Fund, or by a vote of the House of Commons,
or by an Act for the appropriation of the supplies annually granted by
Parliament.

S.3 rep. by 1955 c.19 (NI) s.27 sch.4

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Northern Irish Legislation

EXCHEQUER AND AUDIT ACT (NORTHERN IRELAND) 1921 - SECT 2