Singapore legislation

Clause 10

of Jurong Town Corporation (Amendment) Bill

Clause 10

Repeal of sections 26 and 27 and re-enactment of section 26

Sections 26 and 27 of the principal Act are repealed and the following section substituted therefor:“Investment

26. Moneys belonging to the Corporation may be invested in such securities as trustees may by any written law be authorised to invest and, with the approval of the Minister, in any other securities or investments or in any other manner.”.