Where the trustee1 intends to exercise his power to carry on the business of the bankrupt, he may apply to the Secretary of State for authorisation to open a local bank account2; and the Secretary of State may authorise him to make his payments into and out of a specified bank, subject to a limit, instead of into and out of the Insolvency Services Account3 if satisfied that an administrative advantage will be derived from having such an account4. Money received by a trustee relating to the purpose for which the account was
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