National Maritime Museum Act 1934

6 Financial provisions

(1) Subject to the provisions of this section, any moneys received by the Board shall be payable into the Exchequer.

(2) Any moneys received by the Board on the sale, exchange or disposal of any objects vested in them for the purposes of the Museum, and any moneys received by the Board by way of gift or bequest, and such other moneys received by the Board, if any, as the Treasury may from time to time direct may, instead of being payable into the Exchequer, be retained by the Board and may be invested by them, and may, together with any interest thereon, be expended by the Board, as and when they think fit, in the purchase of objects for the Museum, or, with the consent of the Treasury, otherwise for the purposes of the Museum :

Provided that no moneys received by the Board by way of gift or bequest shall be expended by the Board in any manner inconsistent with any condition attached to the gift or bequest.

(3) Any expenses incurred by the Board in carrying this Act into effect, including any salaries or remuneration paid to the Director or to any officers appointed by the Board shall, except so far as defrayed in accordance with the provisions of subsection (2) of this section out of moneys received by the Board, be defrayed out of moneys provided by Parliament.

(4) Any expenses incurred by the Commissioners of Works in carrying this Act into effect shall be defrayed out of moneys provided by Parliament.