Section 37

Such deposits may be held by the water supply authority for such time as the water supply authority shall direct and shall bear no interest and may, in the discretion of the water supply authority and without prejudice to the powers of such authority under section 34, be applied to the payment of any money in respect of which the deposit was made and which has not been duly paid in accordance with any regulations made under section 51.

Set-off and combining of account