COMPANIES ACT, 109029

709

being to answer demands in respect of that company’s estate, the
Board shall, on the request of the committee, invest the amount
not so required in Government securities, to be placed to the credit
of the said account for the benefit of the company.

(2) When any part of the money so invested is, in the opinion
of the committee of inspection, required to answer any demands in
respect of the estate of the company, the Board of Trade shall, on
the request of the committee, raise such sum as may be required
by the sale of such part of the said securities as may be necessary.

(3) The dividends on investments under this section shall be
paid to the credit of the company.

(4) When the balance at the credit of any company’s account
n the hands of the Board of Trade exceeds two thousand pounds,
and the liquidator gives notice to the Board that the excess is not
required for the purposes of the liquidation, the company shall be
entitled to interest on the excess at the rate of two per cent. per
annum.
Officers.
303.—(1) The Board of Trade may, with the approval of the Officers and
Treasury, appoint such additional officers as may be required by remuneration.
the Board for the execution as respects England of this Part of this
Act, and may remove any person so appointed.

(2) The Board of Trade, with the concurrence of the Treasury,
shall direct whether any and what remuneration is to be allowed
to any officer of, or person attached to, the Board performing any
duties under this Part of this Act in relation to the winding up of
companies in England, and may vary, increase, or diminish that
remuneration as they think fit.
304. The officers of the courts acting in the winding up of com
panies in England shall make to the Board of Trade such returns
of the business of their respective courts and offices, at such times,
and in such manner and form, as may be prescribed, and from
those returns the Board shall cause books to be prepared which
shall, under the regulations of the Board, be open for public informa-
tion and searches.

Returns by
officers in Eng-
lish winding up.

Rules and Fees.
305.—(1) The Lord Chancellor may, with the concurrence of the General rules
President of the Board of Trade, make general rules for carrying into es oy
effect the objects of this Act so far as relates to the winding up of
companies in England, and the Court of Session may by Act of
Sederunt make general rules for carrying into effect the objects of
this Act so far as relates to the winding up of companies in Scotland.

(2) All rules made under this section shall be laid before Parlia-
ment within three weeks after they are made, if Parliament is then
sitting, and, if Parliament is not sitting, within three weeks after
the beginning of the next session of Parliament, and shall be judicially
noticed, and shall have effect as if enacted by this Act.