708 
SECRETARIAL PRACTICE 
Provisions as to 
mine club funds 
299.—(1) On the winding up of a company within the stannaries, 
contributions of the miners, artizans, or labourers for the purpose 
of a mine club, or accident, or sick, or benefit fund shall not be 
deemed to be, or be applied as part of the assets of the company in 
liquidation of the debts of the company or otherwise, but shall be 
accounted for by the purser or any other person in possession of the 
fund to the liquidator, and shall be recoverable by him, and be 
applied in accordance with the rules of the club. 
(2) Where the winding up is a voluntary winding up, any person 
claiming to be entitled to any such contributions or fund shail have 
the same right as the liquidator of applying to the court for directions. 
or to determine anv question arising in the matter. 
Central Accounts. 
300.—(1) An account, to be called the Companies Liquidation 
Account, shall be kept by the Board of Trade with the Bank of 
England, and all moneys received by the Board in respect of pro- 
ceedings under this Act in connexion with the winding up of com- 
panies in England shall be paid to that account. 
(2) All payments out of money standing to the credit of the 
Board of Trade in the Companies Liquidation Account shall be 
made by the Bank of England in the prescribed manner. 
Companies 
Liquidation. 
Account. 
Investment of 301.—(1) Whenever the cash balance standing to the credit of 
Sorplus fuuds on the Companies Liquidation Account is in excess of the amount 
“ which in the opinion of the Board of Trade is required for the time 
being to answer demands in respect of companies’ estates, the 
Board shall notify the excess to the Treasury, and shall pay over 
the whole or any part of that excess as the Treasury may require, 
to the Treasury, to such account as the Treasury may direct, and 
the Treasury may invest the sums paid over, or any part thereof, 
in Government securities. to be placed to the credit of the said 
account. 
(2) When any part of the money so invested is, in the opinion 
of the Board of Trade, required to answer any demands in respect 
of companies’ estates, the Board shall notify to the Treasury the 
amount so required, and the Treasury shall thereupon repay to the 
Board such sum as may be required to the credit of the Companies 
Liquidation Account, and for that purpose may direct the sale of 
such part of the said securities as may be necessary. 
(3) The dividends on investments under this section shall be 
paid into the Bankruptcy and Companies Winding-up (Fees) 
Account established under the Economy (Miscellaneous Provisions) 
Act. 1026. 
Separate ac- 
counts of par- 
ticular estates. 
302.—(1) An account shall be kept by the Board of Trade of 
the receipts and payments in the winding up of each company in 
England, and, when the cash balance standing to the credit of the 
account of any company is in excess of the amount which, in the 
opinion of the committee of inspection. is required for the time