Page 37 of Annex A
(7) Subsections (4) to (6) do not apply to property for the
time being subject to a charge under section 11.
(8) The High Court shall not in respect of any property
exercise the powers conferred by subsections (3) (a), (5) or (6)
unless a reasonable opportunity has been given for persons holding
any interest in the property to make representations to the High
Court.
13.
Application of proceeds of realisation
and other sums
(1) Subject to subsection (2), the following sums in the hands
of a receiver appointed under section 10 or 12 or in pursuance of a
charging order, that is
(a) the proceeds of the enforcement of any charge imposed
under section 11;
(16)
the proceeds of the realisation, other than by the
enforcement of such a charge, of any property under
section 10 or 12; and
(c) any other sums, being property held by the defendant,
shall first be applied in payment of such expenses incurred by a
person acting as an insolvency officer as are payable under section
18 (2) and then shall, after such payments (if any) as the High Court
may direct have been made out of those sums be paid to the Registrar
and applied for the purposes specified in subsections (4) to (6) and
in the order so specified.
(2) Where a fixed amount is payable under the external
confiscation order and, after that amount has been fully paid, any
such sums remain in the hands of such a receiver, the receiver shall
distribute those sums