Regulation 9 Powers of investment

Any moneys in the Investment Account may be deposited at interest in the Joint Consolidated Fund managed by the Crown Agents or may be invested by the Crown Agents in such stocks, shares, debentures, debenture stocks, funds or securities in which a trustee is authorised to invest by any law for the time being in force in the United Kingdom:

Provided that the value at cost of all securities invested in preference, preferred or ordinary stocks and shares shall not, unless the Minister otherwise directs, exceed 50 per cent. of the total value at cost of the assets of the fund:

Provided further that not more than 10 per cent. of the said total value shall be invested in the stocks or shares of any company which are not quoted on any recognised Stock Exchange in the United Kingdom. A Certificate of the Auditors shall be conclusive as to the compliance by the Crown Agents with the requirements of this regulation.