[Ch. 19.]
Trustee Act, 1925.
[15 Geo. 5.]
A.D. 1925.
- (o) In any stocks, funds, or securities authorised under the 63 & 64 Vict. c. 12.Colonial Stock Act, 1900, or any Act extending the same, but subject to any restrictions thereby imposed;
- (p) In any local bonds issued under the 9 & 10 Geo. 5. c. 99.Housing (Additional Powers) Act, 1919, and mortgages of any fund or rate granted after the passing of that Act under the authority of any Act or Provisional Order by a local authority (including a county council) which is authorised to issue local bonds under that Act;
- (q) In any stock or securities issued in respect of any loan raised by the Government of Northern Ireland;
- (r) In any of the stocks, funds, or securities for the time being authorised for the investment of cash under the control or subject to the order of the court;
and may also from time to time vary any such investment.
(2) For the purposes of this section—
- (a) the London and North Eastern Railway Company, the Southern Railway Company, the London, Midland and Scottish Railway Company, and the Great Western Railway Company shall each be treated as if it were a railway company in Great Britain incorporated by a special Act of Parliament which had in each of the ten years immediately before the date of amalgamation paid a dividend at a rate of not less than three per centum on its ordinary stock, and, for the purposes of this provision the date of amalgamation means—
- (i) as respects the London and North Eastern Railway Company and the Southern Railway Company the first day of January, nineteen hundred and twenty-three; and
- (ii) as respects the London Midland and Scottish Railway Company and the Great Western Railway Company the first day
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