Clause 4

in any of the securities of the Government or the Government of Malaysia or of any State thereof;

in any securities the interest on which is or shall be guaranteed by Parliament;

in or upon titles to immovable property in Singapore, such titles being freehold titles or grants in perpetuity or leases (other than mining leases) for a term whereof sixty years at least is unexpired at the time of such investment:Provided that there be erected on the land to which such title relates houses or other buildings the gross rental whereof, together with the land appurtenant thereto, is at the time of such investment not less than seven per centum of the purchase price of such land, in the case of a purchase, or of the value of such land, as ascertained under the provisions of paragraph (a) of subsection (1) of section 12 of this Act, in the case of a mortgage;

in fixed interest securities issued in Singapore with the approval of the Minister for Finance by any public authority established under any written law;

in loans to an approved company,and may also from time to time vary any such investment as aforesaid.

the paid up ordinary share capital of the approved company is not less than five million Malayan dollars; and

the approved company has paid a dividend at the rate of not less than five per centum upon such ordinary share capital during each of the last three years prior to the time of investment; and

the total amount of the borrowings of the approved company from all sources, whether trustee or not, accepted by the approved company on loan and deposit, and including interest due thereon and not repaid by the approved company, does not at any time exceed two-thirds of the amount, excluding prospective interest, for the time being secured to the approved company from its borrowers.