7(1)This paragraph applies to the investments and money which constitute the funds in court of—U.K.
(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).