Upon the death or resignation of the person who at the passing of this Act holds the office of purse-bearer to the Lord Chancellor the office shall be abolished, and upon such abolition all duties and powers required to be performed by or vested in the said purse-bearer (including the duties of chaff wax sealer and deputy sealer now required to be performed by him) shall be performed by and vested in the gentleman of the chamber attending the Great Seal.
There shall be paid, out of moneys provided by Parliament, to the gentleman of the chamber attending the Great Seal, such salary or remuneration, and upon the transfer to him of the duties and powers of purse-bearer to the Lord Chancellor, such additional salary or remuneration for those duties, as the Treasury may from time to time, upon the recommendation of the Lord Chancellor, assign to him.