(1) As soon as may be after completion in relation to a proposed transfer order of the procedures required by section 33, the Minister shall apply ex parte to the Court for an order (in this Act called a "transfer order") in the terms of the proposed transfer order.
(2) The Court, when hearing an ex parte application under subsection (1), shall, if satisfied that the requirements of section 33 have been complied with and that the opinion of the Minister under section 33(2) was reasonable and was not vitiated by any error of law, make a transfer order in the terms of the proposed transfer order (or those terms as varied after consideration of any submission referred to in section 33(4)(c)).
(3) A report prepared by the Bank (whether or not prepared specifically for the purpose of the application) in relation to matters within the Governor or the Bank's responsibilities, including the financial position of the relevant institution, is admissible in evidence at the hearing of the app