Paragraph 23 Powers of investment
All sums of cash now or at any time belonging to the Charity, other than sums of cash needed for immediate working purposes, and any other property of whatever nature belonging to the Charity shall be invested in the name of the Corporation (or the name of a nominee appointed under clause 24(5)) in trust for the Charity, in such manner as the Council shall in its absolute discretion think fit, which may include:
in the case of monies or investments or other property given to the Charity, in any manner authorised by the testator or donor and specified by him or her in the document given in writing effecting the legacy or donation;
on mortgage of real or leasehold property in Great Britain or in stocks and securities listed on the London Stock Exchange or other recognised international stock exchange;
monies of the Charity awaiting distribution or investment may be deposited with any bank recognised by the Bank of England and, not exceeding 25 per cent of such monies, with any Local Authority or finance company approved by the Council.