Paragraph 4 Investment in land

The trustees may retain and manage any land held as an investment at the date of this Scheme.

The Trustees may sell or otherwise dispose of such land in accordance with the powers of sale of land contained in this Scheme.

Subject to clause 31 of this Scheme and to sub-clause (e) below the Trustees may reinvest the proceeds of sale or other disposal of such land in land to be held as an investment.

Subject to clause 31 of this Scheme and to sub-clause (e) below the Trustees may invest surplus cash in accordance with clause 3 above in land to be held as an investment.

No re-investment or investment in land to be held as an investment shall be made by the Trustees except in accordance with professional advice taken from a person or persons having professional experience of investing in land to be held by way of investment.