{
  "url": "https://openlegislation.uk/charities-john-lyon-road-trust-order-1991/schedule-APPENDIX/paragraph-7",
  "json_url": "https://openlegislation.uk/charities-john-lyon-road-trust-order-1991/schedule-APPENDIX/paragraph-7.json",
  "legislation": "uksi/1991/1141",
  "legislation_title": "The Charities (John Lyon Road Trust) Order 1991",
  "legislation_url": "https://openlegislation.uk/charities-john-lyon-road-trust-order-1991",
  "path": "schedule/APPENDIX/paragraph/7",
  "kind": "paragraph",
  "number": "7",
  "heading": "Investment in land.",
  "text": "(1) Any land which—\n(a) when this Scheme takes effect, belongs to the Charity; or\n(b) thereafter belongs to the Charity and is not included in the Free Fund,\nmay be retained as an investment.\n(2) The specified sum shall be invested in freehold land in England orWales or leasehold land there having at the time of making theinvestment at least sixty years of the term unexpired.\n(3) Where any land—\n(a) which is retained in pursuance of sub-clause (1) above; or\n(b) which is acquired in pursuance of sub-clause (2) above or in whichproceeds of sale of other land are invested in pursuance of thissub-clause,\nis sold, the proceeds of sale may (notwithstanding clause 6(2)(b)above) be re-invested in freehold land in England or Wales or leaseholdland there having at the time of making the investment at least sixtyyears of the term unexpired, or (subject to obtaining the approval ofthe Charity Commissioners and to any conditions of that approval)applied in effecting improvements to any land or buildings of theCharity; but insofar as not so re-invested or applied, the proceeds ofsale shall be divided between and added to the Free and Restricted Fundsso as to secure that the amount added to the Free Fund is equal to twicethe amount added to the Restricted Fund.\n(4) Before re-investing any proceeds of sale in freehold or leaseholdland in accordance with the provisions of sub-clause (3) above theTrustee shall obtain and consider appropriate professional advice as towhether such acquisition represents a satisfactory investment for theCharity.\n(5) The specified sum and any proceeds of sale referred to insub-clause (3) above may be temporarily invested in any investmentswhich are for the time being narrower-range investments within themeaning of the Trustee Investments Act 1961 pending investment in land under sub-clause (2) or (3) above.",
  "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/1991/1141/schedule/APPENDIX/paragraph/7",
    "retrieved_at": "2026-10-29T14:44:33.876456+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."
}