Church Funds Investment Measure 1958

1. Introductory Text

2. 1. The Scheduled Scheme to have effect.

3. 2. Funds to which the Measure applies.

4. 3. Contributions to Investment Funds and deposits in Deposit Funds to be authorised investments.

5. 4. Interests in Investment Funds not interests in land.

6. 5. Jurisdiction of . . . Charity Commissioners.

7. 6. Exclusion of Prevention of Fraud (Investments) Act 1939.

8. 7. Saving for the Borrowing (Control and Guarantees) Act 1946.

9. 8. Definitions.

10. 9. Short title and extent.

11. 1. SCHEDULE

       SCHEME

       1. 1. Definitions.

       2. Investment Funds

          1. 2. Constitution of Investment Funds.

          2. 3. Contributions

          3. 4. Administration as common fund.

          4. 5. Investment.

          5. 6. Shares in Investment Funds.

          6. 7. Initial contributions: division into Shares.

          7. 8. Subsequent contributions and withdrawals.

       3. Conversion

          1. 8A. Where an Investment Fund comprises two classes of Shares and...

          2. 9. Valuations.

          3. 10. Certificates as to value.

          4. 11. Income.

          5. 12. Costs and expenses.

          6. 13. Borrowing.

          7. 14. Accounts and information.

          8. 15. Certificate of Diocesan Authority.

          9. 16. Holding of investments.

          10. 17. Replacement of Central Board.

          11. 18. Winding up of an Investment Fund.

       4. Deposit Funds

          1. 19. Constitution of Deposit Funds.

          2. 20. Terms of deposit.

          3. 21. Range of Investment.

          4. 22. Income.

          5. 22A. (1) For any Deposit Fund the Central Board may keep...

          6. 23. Winding up of a Deposit Fund.

          7. 24. Accounts.

          8. 25. Central Board may refuse or return deposits.

          9. 26. Earlier provisions of Scheme applicable.