S.I. No. 344/1977:

TRUSTEE (AUTHORISED INVESTMENTS) (NO. 2) ORDER, 1977.

TRUSTEE (AUTHORISED INVESTMENTS) (NO. 2) ORDER, 1977.

I, SEOIRSE Ó COLLA, Minister for Finance, in exercise of the powers conferred on me by section 2 (1) of the Trustees (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) (No. 2) 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 interest-bearing deposit accounts with any of the following building societies:--

Irish Permanent Building Society,

Educational Building Society,

First National Building Society,

Irish Civil Service Building Society,

Irish Nationwide Building Society,

( b ) investment in interest-bearing deposit accounts with any of the following licensed banks:--

Algemene Bank Nederland (Ireland) Limited,

Allied Irish Finance Company Limited,

Allied Irish Investment Bank Limited,

Bank of America,

Bank of Ireland Finance Limited,

Bank of Nova Scotia,

Banque Nationale de Paris (Ireland) Limited,

Bowmaker (Ireland) Limited,

Citibank N.A.,

City of Dublin Bank Limited,

First National Bank of Chicago,

Forward Trust (Ireland) Limited,

Hill Samuel and Company (Ireland) Limited,

Investment Bank of Ireland Limited,

Lombard and Ulster Banking (Ireland) Limited,

Mercantile Credit Company of Ireland Limited,

Northern Bank Finance Corporation Limited,

Ulster Investment Bank Limited,

United Dominions Trust (Ireland) Limited,

( c ) investment in units of Bank of Ireland Gilt Edged Unit Trust, and,

( d ) investment in fixed interest securities issued in the State by the European Investment Bank, being securities registered in the State.

GIVEN under my Official Seal, this 16th day of November, 1977.

SEOIRSE Ó COLLA,

Minister for Finance.

EXPLANATORY NOTE.

This Order adds to the list of investments in which trust funds may be invested interest bearing deposit accounts with the above-named banks and building societies, units of Bank of Ireland Gilt Edged Unit Trust and securities issued in the State by the European Investment Bank. The list is set out in section 1 of the Trustee (Authorised Investments) Act, 1958 .