Singapore legislation
Clause 2
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.”.