c. 44) was an act of the Parliament of the United Kingdom that abolished the office of Accountant General of the High Court of Chancery in England, transferring the functions to the Paymaster General, and established a deposit account for suitors in the Court of Chancery, returning 2% per annum.

The Court of Chancery (Funds) Bill was first introduced in the 1871 session of parliament, but was withdrawn on 27 July 1871.

[2] The bill had its first reading in the House of Commons on 14 February 1872, presented by William Edward Baxter MP.

[3] During debate, the bill was criticised by members including Mr. Crawford and William Henry Gregory MP, who argued that the current system was working well (with only £1,000 lost to fraud in 150 years) and expressed concerns about mixing judicial and political functions and the government's ulterior motive to use the funds for Terminable Annuities to reduce national debt.

[9] Section 26 of the act also included safeguards to preserve all rights and actions taken before the act's commencement, protect land titles and compensation payments, and maintain existing pension and annuity rights as well as associated duties.