S.I. No. 41/1977:

TRUSTEE (AUTHORISED INVESTMENTS) ORDER, 1977.

TRUSTEE (AUTHORISED INVESTMENTS) ORDER, 1977.

I, RICHIE RYAN, Minister for Finance, in exercise of the powers conferred on me by section 2 (1) of the Trustee (Authorised Investments) Act, 1958 (No. 8 of 1958), and having complied with subsections (2) and (3) of that section, hereby order as follows:

1. This Order may be cited as the Trustee (Authorised Investments) Order, 1977.

2. The following investments are hereby added to the investments specified in section 1 of the Trustee Act, 1893, as amended by the Trustee (Authorised investments) Act, 1958 (No. 8 of 1958), that is to say--

(a) investment in Allied Irish Banks Limited 10 per cent. Convertible Unsecured Subordinated Loan Stock 1985,

(b) investment in an interest bearing deposit account with the Agricultural Credit Corporation Limited, and

(c) investment in an interest bearing deposit account with the Industrial Credit Company Limited.

GIVEN under my Official Seal, this 14th day of February, 1977.

RICHIE RYAN,

Minister for Finance.

EXPLANATORY NOTE.

This Order adds Allied Irish Banks Limited 10 per cent. Convertible Unsecured Subordinated Loan Stock 1985, deposit accounts with the Agricultural Credit Corporation Limited and deposit accounts with the Industrial Credit Company Limited to the list of investments in which trust funds may be invested. The list is set out in section 1 of the Trustee (Authorised Investments) Act, 1958 .