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Investment of funds.
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16.—(1) Any funds in the hands of the Board may be invested by the Board in trustee securities.
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(2) Where any securities become under this Act or otherwise vested in the Board, such securities may be retained and held by the Board notwithstanding that such securities are not trustee securities.
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(3) The Board may from time to time vary or transpose any moneys held by it in the form of investments into other investments which are trustee securities and may at any time sell and convert into money all or any investments held by it.
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(4) In this section the expression “trustee securities” means securities in which trustees are by the law for the time being in force authorised to invest trust funds.
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