S.I. No. 407/1979:

TRUSTEE (AUTHORISED INVESTMENTS) ORDER, 1979.

TRUSTEE (AUTHORISED INVESTMENTS) ORDER, 1979.

I, MICHEÁL Ó CINNÉIDE, 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, 1979.

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 the following building society, that is to say, the Norwich Irish Building Society, and

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

Irish Intercontinental Bank Limited,

Royal Trust Company (Ireland) Limited,

Trinity Bank Limited.

GIVEN under my Official Seal this 18th day of December, 1979.

MICHEÁL Ó CINNÉIDE,

Minister For Finance.

EXPLANATORY NOTE

This Order extends the list of investments in which trust funds may be held, by the addition of interest-bearing deposit accounts with the named banks and building society.