Singapore legislation

Clause 2

of Public Trustee (Amendment) Ordinance

Clause 2

Amendment of section 6

Subsection (7) of section 6 of the Public Trustee Ordinance is hereby deleted and the following substituted therefor: —“(7) Where any trust money which is not included in the investment account of the Common Fund is normally insufficient to earn bank interest if kept in a bank current account the money may be kept in a general banking account or deposited in any bank and any interest allowed by the bank shall be paid into the Consolidated Fund.”.

Clause 2 — Public Trustee (Amendment) Ordinance | laws.sg