Singapore legislation

Clause 23

Investment of funds

The funds of the Authority may be invested in all or any of the following: —

(a)

gold coin or bullion;

(b)

notes, coin, bank balances and money at call in such country or countries as may be approved by the board;

(c)

Treasury bills of such government or governments as may be approved by the board;

(d)

securities of, or guaranteed by, such government or governments or international financial institutions as may be approved by the board;

(e)

such securities and investments as may be authorised by the President on the recommendation of the board.