381. Local bank account.

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 opened may be paid into the