40. Withdrawals from bank---No money paid into the bank as aforesaid
 shall be withdrawn from the bank except by authority of the Council and
 by cheque, or other instrument, signed by an officer of the University
 approved by the Council, and countersigned by a member of the Council,
 or by another officer of the University, approved by the Council:

   Provided that it shall be lawful, with the prior consent in writing of
 the Audit Office and subject to such conditions as the Audit Office
 prescribes, for any money to be paid by the Council by cheque issued by
 means of a cheque-writing machine, and every such cheque issued by means
 of such a machine and bearing a facsimile of the signatures of the
 persons authorised pursuant to the provisions of this section to sign
 and countersign cheques shall be deemed to have been duly signed and
 countersigned in accordance with the provisions of this section.
     Cf. 1961, No. 50, s. 40