(1)The functions of the Joint Exchequer Board are hereby transferred to the Treasury and that Board shall cease to exist.
(2)Any sums which, apart from this Act, would be payable into the Consolidated Fund of the United Kingdom by virtue of section 22(1) of the [1920 c. 67.] Government of Ireland Act 1920 (reserved taxes) shall continue to be so paid; and, subject to subsection (3) below, any sums which, apart from this Act, would be payable into the Consolidated Fund of Northern Ireland by virtue of section 21(1) of that Act (transferred taxes) shall continue to be so paid.
(3)There shall be paid into the Consolidated Fund of the United Kingdom, as from such date as the Treasury may by order direct, the proceeds of any tax specified in the order which would otherwise be paid into the Consolidated Fund of Northern Ireland.
(4)The power to make orders under subsection (3) above includes power to vary or revoke a previous order and shall be exercisable by statutory instrument.