Singapore legislation

Clause 11

Repeal and re-enactment of section 78

Section 78 of the principal Act is repealed and the following section substituted therefor:“Investment

78. The Board may from time to time, with the approval of the Minister, invest moneys standing to the credit of the Board in —

(a)

the shares of any private or public company; or

(b)

any of the securities in which trust funds may, by any written law for the time being in force relating to trustees, be invested.”.