{
  "url": "https://openlegislation.uk/charities-borough-lands-charity-chippenham-order-1990/schedule-APPENDIX/paragraph-26",
  "json_url": "https://openlegislation.uk/charities-borough-lands-charity-chippenham-order-1990/schedule-APPENDIX/paragraph-26.json",
  "legislation": "uksi/1990/843",
  "legislation_title": "The Charities (Borough Lands Charity, Chippenham) Order 1990",
  "legislation_url": "https://openlegislation.uk/charities-borough-lands-charity-chippenham-order-1990",
  "path": "schedule/APPENDIX/paragraph/26",
  "kind": "paragraph",
  "number": "26",
  "heading": "Powers of investment.",
  "text": "(1) Subject to the provisions hereinafter contained, property now or hereafter belonging to the Charity may be invested in or upon any of the following investments:\n(a) any investments which are for the time being narrower-range or wider-range investments within the meaning of the Trustee Investments Act 1961;\n(b) any shares, stocks or other securities quoted on the International Stock Exchange or stock exchanges of New York, Tokyo or Frankfurt.\n(2) The Trustees shall not invest property in any shares, stocks or other securities of any company or corporation (other than a company incorporated in the United Kingdom carrying on banking or insurance business in the United Kingdom) which by reason of not being fully paid up or otherwise carry a liability to contribute by way of calls in the event of a winding up or otherwise; but this provision shall not prevent the acquisition of newly issued securities which would otherwise be permitted hereby and of which the capital is by virtue of the terms of the issue thereof to be paid by instalments of which the last is to be payable not later than one year from the date of issue.\n(3) The Trustees shall not invest property in any shares, stocks or other securities of any company or corporation unless at the time of investment such company shall have a paid up capital of at least £750,000 or its equivalent at the current rate of exchange and so that as regards any securities having no par value the paid-up capital of the company concerned shall be deemed to include the capital sum (other than capital surplus) appearing in the company’s published accounts in respect of such securities.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "1961 c. 62"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1990/843/schedule/APPENDIX/paragraph/26",
    "retrieved_at": "2026-10-29T15:21:40.433450+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}