- Latest available (Revised)
- Point in Time (06/03/1992)
- Original (As enacted)
Version Superseded: 01/10/2009
Point in time view as at 06/03/1992. This version of this provision has been superseded.
You are viewing this legislation item as it stood at a particular point in time. A later version of this or provision, including subsequent changes and effects, supersedes this version.
Note the term provision is used to describe a definable element in a piece of legislation that has legislative effect – such as a Part, Chapter or section.
There are currently no known outstanding effects for the Administration of Justice Act 1982, Section 39.
Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.
(1)The Commissioners may invest, in such manner as may be prescribed by regulations made by the Treasury, money transferred to them in pursuance of rules made under section 38(7) above or section 82(1) of the M1Judicature (Northern Ireland) Act 1978 and the interest or dividends accruing on investments made under this subsection.
(2)If in any accounting year the aggregate of the sums of money received by the Commissioners by way of interest and dividends on investments made by them under subsection (1) above, after deduction of—
(a)any sum required by the Treasury to be set aside to provide for depreciation in the value of investments so made; and
(b)such sum as the Lord Chancellor may with the concurrence of the Treasury direct to be paid to him in respect of the cost to him in that year of administering funds in court, [F1and
(c)an amount equal to the expenses incurred by the Commissioners in that year in making investments under subsection (1) above and disposing of investments so made]
exceeds the aggregate of the sums due to be paid or credited in respect of that year by way of interest on funds in court, the excess shall be paid into the Consolidated Fund.
(3)If in any accounting year the aggregate of the sums of money received as mentioned in subsection (2) above, after deduction of the sum or sums falling to be deducted under [F2paragraphs (a) to (c)] of that subsection, is less than the aggregate of the sums due as mentioned in that subsection, the deficiency shall be made good out of the Consolidated Fund.
(4)The Commissioners shall pay to the Lord Chancellor any sum deducted by them under subsection (2)(b) above; and any sum received by the Lord Chancellor under this subsection shall be paid into the Consolidated Fund.
[F3(4A)Any sum deducted by the Commissioners under subsection (2)(c) above shall be applied as an appropriation in aid of moneys provided by Parliament for the expenses of the National Debt Commissioners; and, so far as not so applied, shall be paid into the Consolidated Fund.]
(5)If at any time the Commissioners are unable to pay—
(a)to the Accountant General a sum due from them to him under rules made under section 38(7) above; or
(b)to the Accountant General of the Supreme Court of Judicature of Northern Ireland a sum due from them to him under rules made under section 82(1) of the M2Judicature (Northern Ireland) Act 1978,
the Treasury shall provide them with it out of the Consolidated Fund.
Textual Amendments
F1Word “and” and s. 39(2)(c) inserted by Public Trustee and Administration of Funds Act 1986 (c. 57, SIF 57), s. 5(1)
F2Words substituted by virtue of Public Trustee and Administration of Funds Act 1986 (c. 57, SIF 57), s. 5(2)
F3S. 39(4A) inserted by Public Trustee and Administration of Funds Act 1986 (c. 57, SIF 57), s. 5(3)
Marginal Citations
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Point in Time: This becomes available after navigating to view revised legislation as it stood at a certain point in time via Advanced Features > Show Timeline of Changes or via a point in time advanced search.
Geographical Extent: Indicates the geographical area that this provision applies to. For further information see ‘Frequently Asked Questions’.
Show Timeline of Changes: See how this legislation has or could change over time. Turning this feature on will show extra navigation options to go to these specific points in time. Return to the latest available version by using the controls above in the What Version box.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: