Singapore legislation

Section 4

of Government Securities Act 1992

Section 4

Application of moneys in Government Securities Fund

(1)

The Minister may at any time apply all or any part of the moneys in the Government Securities Fund to the purchase of trustee stock or of any other stock, fund, security or investment mentioned in section 7(3) of the Financial Procedure Act 1966, except any stock, bond, fund or security issued by the Government.

(2)

Nothing in subsection (1) prohibits the conversion of advance deposits to Government securities issued under this Act.

Read in full context — Government Securities Act 1992 →