40 Statutory deposits.E+W+S
(1)Where money or securities are deposited with the Accountant General under any enactment or subordinate legislation, whether passed or made before or after the commencement of this Part of this Act, they shall for the purposes of this Part of this Act be treated as if they were funds in court except in so far as—
(a)the enactment; or
(b)the subordinate legislation; or
(c)rules made under section 38(7) above,
provide to the contrary.
(2)In subsection (1) above “subordinate legislation” means Orders in Council, orders, rules, regulations and other instruments made or to be made under any Act.