S.I. No. 407/1979 - Trustee (Authorised Investments) Order, 1979.

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.

S.I. No. 407 of 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