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Northern Ireland (Miscellaneous Provisions) Act 1945


This is the original version (as it was originally enacted).

4Power of English trustees to invest in Northern Ireland Government stock at a premium and in stock guaranteed by that Government

(1)The proviso to subsection (1) of section two of the Trustee Act, 1925 (which restricts the power of a trustee holding upon a trust the execution of which is governed by the law in force in England to purchase at a premium, amongst other stocks, stock referred to in paragraph (q) of subsection (1) of section one of that Act, that is to say, stock issued in respect of any loan raised by the Government of Northern Ireland, if the stock is liable to be redeemed at par or at some other fixed fate), shall have effect with the omission of the words " and (q) ".

(2)Paragraph (e) of subsection (1) of section one of the said Act (which includes, amongst the stocks and securities in which any such trustee as aforesaid may invest trust funds in his hands, securities the interest of which is for the time being guaranteed by Parliament) shall have effect as if the reference to Parliament included a reference to the Parliament of Northern Ireland.

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