2 Capital reconstruction, and application of funds, of Board.

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C13

The directions which may be given to the F2Corporation by F3the Secretary of State by virtue of paragraph (b) of the proviso to section 30 of the Act of 1946 (which relates to the application of any excess of the F2Corporation’s revenues for any financial year of the F2Corporation over their outgoings for that year properly chargeable to revenue account) shall, notwithstanding anything in paragraph (a) of that proviso, include directions requiring the whole or any part of that excess to be paid to F3the Secretary of State; and any sums received by F3the Secretary of State by virtue of this subsection shall be paid into the Exchequer and be included among the sums of the receipt and disposal of which F3the Secretary of State is required by section 35 of the Act of 1946 to prepare an annual account.