# The Birmingham Assay Office Order 1989, Article 12: Power of investment


(1) Any moneys for the time being in the hands of the Company which are not immediately required, including moneys which form part of any reserve fund, pension fund, insurance fund or other fund administered by the Company, may be invested in the purchase of any investments or property of any description either real or personal and wheresoever situate and whether or not being investments or property otherwise authorised by law for the investment of trust funds, or upon loan upon the security of any property of any description or without security.
(2) Moneys not immediately required by the Company for any other purpose may be deposited at any bank, building society or other appropriate body.
(3) The Company may from time to time at its discretion transpose or vary its investments for or into any others for the time being authorised.
(4) In relation to land whether freehold or leasehold acquired as an investment, the Company may exercise all the powers of management, improvement or development which could be exercised by an absolute owner holding the land beneficially.

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Source: https://www.legislation.gov.uk/uksi/1989/900/article/12 (the official version)
Page: https://openlegislation.uk/birmingham-assay-office-order-1989/article-12
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.