1964_TRUSTEE_ORDINANCE — Page 55

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CAP. 29]

Trustee

[1985 Ed.

(a) where the authorized capital does not exceed $500,000 (b) where the authorized capital exceeds $500,000 but does not

exceed $1,000,000

$100.00

$300.00

(c) where the authorized capital exceeds $1,000,000

$600.00

(Amended, 48 of 1968, s. 6; L.N. 195/70 and 27 of 1985, s. 3)

SECOND SCHEDULE

PART I

OVERSEAS INVESTMENTS

Trustee Investments

I.

(a) (i) Defence Bonds.

Act 1961, First

Schedule, Parts

I & II.

(ii) National Savings Certificates.

(iii) deposits in the Post Office Savings Bank,

(iv) ordinary deposits in a trustee savings bank.

of the United Kingdom;

(s. 4.]

(b)

Ulster Savings Certificates;

(c)

(1956 c. 84.)

deposits in a bank or a department thereof certified under section 9(3) of the Finance Act 1956.

2. Securities issued by Her Majesty's Government in the United Kingdom, the Government of Northern Ireland or the Government of the Isle of Man, not being securities falling within paragraph I of this Schedule and being fixed-interest securities registered in the United Kingdom or the Isle of Man, Treasury Bills, Tax Reserve Certificates or any variable-interest securities issued by Her Majesty's Government in the United Kingdom and registered in the United Kingdom.

(Amended, L.N. 28/84)

3. Any securities the payment of interest on which is guaranteed by Her Majesty's Government in the United Kingdom or the Government of Northern Ireland.

4.

Fixed-interest securities issued in the United Kingdom by any public authority or nationalized industry or undertaking in the United Kingdom.

5. Securities issued in the United Kingdom by the government of a territory within the Commonwealth outside the United Kingdom or by any public or local authority within such a territory, being securities registered in the United Kingdom and in respect of which the rate of interest is fixed or is variable by reference to one or more of the following-

(a) the Bank of England's former minimum lending rate;

(b) the average rate of discount on allotment on 91-day Treasury bills.

(c) a yield on 91-day Treasury bills:

(d) a London sterling inter-bank offered rate;

(e) a London sterling certificate of deposit rate:

(f) the base rate of one or more of the London clearing banks.

(Replaced, L.N. 28/84) 6. Fixed-interest securities issued in the United Kingdom by the International Bank for Reconstruction and Development, being securities registered in the United Kingdom.

7. [Deleted. L.N. 28/84)

8. Stock of the Bank of Ireland.

9.

Debentures issued by the Agricultural Mortgage Corporation Limited or the Scottish Agricultural Securities Corporation Limited being companies registered in the United Kingdom.

10. Loans to any authority to which this paragraph applies charged on all or any of the revenues of the authority or on a fund into which all or any of those revenues are payable, any fixed-interest securities issued in the United Kingdom by any such authority for the purpose of borrowing money so charged, and deposits with

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