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TREASURY SOLICITOR ACT 1876 - SECT 4

Disposal of property received under administration, forfeiture, &c.

4. All moneys, securities, and property, real or personal, received by or
vested in the Treasury Solicitor under any administration, or in consequence
of the same having accrued to Her Majesty as part of the personal estate of
any deceased person, or under any forfeiture, or otherwise by virtue of her
royal prerogative, shall be paid, invested, transferred, sold, and disposed of
in such manner as may be directed by rules under this Act, and, so far as such
rules do not apply, as the Treasury direct, subject as follows:

(1)All such money and all money arising from such securities and property,
whether as income or as the proceeds of the sale or disposal thereof, or
otherwise, shall be carried to the account directed by the rules (in this Act
referred to as the Crown's Nominee Account); and

(2)All money standing to the said account and not required for the purposes
thereof shall be paid into the account of Her Majesty's Exchequer; and

(3)Where any money, securities, or property to which this section applies has
been granted by Her Majesty to any person, and has not been claimed within the
period fixed by the rules, the Treasury may direct such unclaimed securities
and property to be sold, and the proceeds of such sale and the said money to
be paid to the Crown's Nominee Account:The accounts of the receipts and
expenditure on the Crown's Nominee Account shall be deemed to be public
accounts; and such abstract thereof as may be directed by rules under this Act
shall be annually laid before the House of Commons.


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© 1876 Crown Copyright

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