Singapore legislation
Clause 3
Clause 3
Government Securities Fund
(1)
A Government Securities Fund is hereby established into which shall be paid —
(a)
all sums representing the proceeds of loans raised or advance deposits accepted under this Act;
(b)
all moneys from time to time authorised to be paid into the Government Securities Fund by this Act or any other written law; and
(c)
all income from the investment of moneys in the Government Securities Fund authorised to be made by this Act, and all profits arising from the realisation of any such investments.
(2)
The Government Securities Fund shall be deemed to be a Government fund for the purposes of any written law.