Section 76

Whenever the cash balance standing to the credit of the Bankruptcy Estates Account is in excess of the amount which, in the opinion of the Official Assignee, is required for the time being to answer demands in respect of insolvent estates the Official Assignee shall notify the excess to the Accountant-General, and shall pay over the whole or any part of that excess as the Accountant-General may require to the Accountant-General, to such account as the Accountant-General may direct, and the Accountant-General may invest the sums paid over or any part thereof in trustee securities to be placed to the credit of the said account.

When any part of the money so invested is in the opinion of the Official Assignee required to answer any demands in respect of insolvent estates, the Official Assignee shall notify to the Accountant-General the amount so required and the Accountant-General shall thereupon repay to the Official Assignee such sum as may be required to the credit of the Bankruptcy Estates Account and for that purpose he may direct the sale of such part of the said securities as may be necessary.

The dividends on investments under this section shall be paid into the Consolidated Fund and regard shall be had to the amount thus derived in fixing the fees payable in respect of proceedings in bankruptcy.