1901_TRUSTEES_ORDINANCE__1901 — Page 6

D. 1901.]

TRUSTEES.

[No. 5.

831

Buthority of any Act of Parliament and charged on the revenues of

India

6) in any securities the interest of which is for the time being guaran-

teed by Parliament;

(6) in consolidated stock created by the Metropolitan Board of Works or by the London County Council, or in debenture stock created by the Receiver for the Metropolitan Police District;

(7) in the debenture, or rentcharge, or guaranteed, or preference stock of any railway company in Great Britain or Ireland incorporated by special Act of Parliament, and having, during each of the ten years last past before the date of investment, paid a dividend at the rate of not less than three per cent. per annum on its ordinary stock

(8) in the stock of any railway or canal company in Great Britain or Ireland whose undertaking is leased in perpetuity, or for a term of not less than two hundred years, at a fixed rental to any such rail- way company as is mentioned in sub-section. (7.), either alone or jointly with any other railway company;

(9.) in the debenture stock of any railway company in India the interest on which is paid or guaranteed by the Secretary of State in Council of India

(10.) in the "B" annuities of the Eastern Bengal, the East Indian, and the Scinde, Punjaub, and Delhi Railways, and any like annui- ties which may at any time hereafter be created on the purchase of any other railway by the Secretary of State in Council of India, and charged on the revenues of India, and which may be authorized by Act of Parliament to be accepted by trustees in lieu of any stock. held by them in the purchased railway; also in deferred annuities comprised in the register of holders of annuity Class D and annui- ties comprised in the register of annuitants Class C of the East Indian Railway Company;

(11.) in the stock of any railway company in India. upon which a fixed or minimum dividend in sterling is paid or guaranteed by the Secretary of State in Council of India or upon the capital of which the interest is so guaranteed;

(12.) in the debenture or guaranteed or preference stock of any com- pany in Great Britain or Ireland established for the supply of water for profit, and incorporated by special Act of Parliament or by Royal Charter, and having, during each of the ten years last past before the date of investment, paid a dividend of not less than five pounds per cent. on its ordinary stock;

(13.) in nominal or inscribed stock issued, or to be issued, by the corporation of any municipal borough in the United Kingdom.

55