Singapore legislation

Clause 39

of Port of Singapore Authority Ordinance

Clause 39

Investment of funds

The Authority may, from time to time, invest any of its funds, not immediately required to be expended in the meeting of the obligations or in the discharge of the functions of the Authority, in securities authorised for the investment of trust funds by any written law for the time being in force:Provided that the Minister may require the Authority to invest any such funds in such of the aforesaid securities as he may direct.

Read in full context — Port of Singapore Authority Ordinance →