Clause 17

Subject to the provisions of this Act, the Board may with the approval of the Minister invest any part of the National Maritime Fund not immediately required to be expended in the meeting of the obligations or in the discharge of the functions of the Board, in such stocks, funds and securities or such other investments permitted for the investment of trust funds under any written law relating to trusts funds.

The Minister may require the Board to invest any part of the Fund in such of the aforesaid stocks, funds, securities and other investments as he may direct.