Section 5
The investment manager shall administer the funds referred to inparagraph 4 in accordance with the following objectives—
in the case of the Capital Fund, with a view to securing highlong-term capital growth with some growth in annual income but with lessemphasis on the level of annual income; and
in the case of the High Yield and Gross Income Funds, with a view tosecuring a high annual income with some long-term capital growth;
and the investment manager shall frame an investment strategy (which may be revised as and when the investment manager thinks fit) designed to achieve these objectives.
The investment manager shall consult the Committee and the Accountant General before framing or amending the investment strategy referred to above.
The investment manager shall ensure that the person responsible for the management of the funds or his deputy attends all meetings of the Committee and supplies to the Committee all information it reasonably requires.