230. Provisions as to financial matters:—(1) The provisions of the Constitution relating to the Federal consolidated Fund, or a Provincial Consolidated Fund, and the appropriation of moneys from either of such Funds, shall not apply in relation to moneys received or raised, or expenditure incurred, by the Federal Government or the Government of a Province in the financial year which includes the Constitution Day or in the next succeeding financial year, and notwithstanding anything in the Constitution any expenditure incurred during those financial years by the Federal Government or the Government of a Province shall be deemed to have been validly incurred if it is incurred in accordance with the provisions of the Government of India Act, 1935.
(2) For the purposes of clause (1), the provisions of the Government of India Act, 1935, and of any statement, demand, schedule or other document made there under, shall have effect in relation to any time after the Constitution Day, subject to the modification that references therein to the holder of any office, or to any body, service or other matter. shall be construed as references to the holder of the corresponding office, or, as the case may be, to the corresponding body, service or matter, under the Constitution.
(3) For the purposes of clause (1), if, at any time when the National Assembly stands dissolved, the President is satisfied that circumstances exist which render such action necessary, he shall have power to authenticate a schedule of authorized expenditure under the Government of India Act, although no Annual Financial Statement has previously been laid before the Assembly, and although no grants have been made by the Assembly.
(4) Clause (3) shall apply to the Governor of a Province, subject to the modification that references therein to the President and the National Assembly shall be construed as references to the Governor and the Provincial Assembly respectively.
(5) In relation to accounts which have not been completed or audited before the Constitution Day, the Comptroller and Auditor-General shall exercise the functions of the Auditor-General of the Dominion of Pakistan; but reports relating to the accounts of the Federal Government shall be submitted to the President, who shall cause them to be laid before the National Assembly, and reports relating to the accounts of a Province shall be submitted to the Governor, who shall cause them to be laid before the Provincial Assembly.
(6) Notwithstanding anything in the Constitution all taxes and fees levied under law in force, immediately before the Constitution Day, shall continue to be levied until they are varied or abolished by Act of the appropriate legislature.
231. Succession to property and assets, rights, liabilities and obligations-(1) All property and assets which immediately before the Constitution Day were vested in Her Majesty for the purposes of the Federal Government shall, as from that day, vest in the Federal Government, unless they were used for purposes which on the Constitution Day become purposes of the Government of a Province, in which case they shall, as from that day, vest in the Provincial Government.
