It shall be lawful for the Council of His said Royal Highness to cause any Monies to arise or be received from or in respect of any Sale or Exchange of any of the Lands or Possessions of the said Duchy, or for the Enfranchisement of any Messuages, Lands, or Tenements as aforesaid, and which may not be immediately wanted for any of the Purposes to which the same are hereby made applicable, to be laid out in the meantime in the Purchase of Three Pound sper Centum Bank Annuities in the Name of the Duke of Cornwall, in which Name the Governor and Company of the Bank of England are hereby authorized and required to permit Transfers to be made of the Annuities to be so purchased; and such Transfers shall be accepted by some Officer of the said Duchy, or other Person authorized in that Behalf by the said Council.