{
  "url": "https://openlegislation.uk/trustee-investments-act-1961/schedule-FIRST/paragraph-10",
  "json_url": "https://openlegislation.uk/trustee-investments-act-1961/schedule-FIRST/paragraph-10.json",
  "legislation": "ukpga/Eliz2/9-10/62",
  "legislation_title": "Trustee Investments Act 1961",
  "legislation_url": "https://openlegislation.uk/trustee-investments-act-1961",
  "path": "schedule/FIRST/paragraph/10",
  "kind": "paragraph",
  "number": "10",
  "heading": null,
  "text": "In debentures or in the guaranteed or preference stock of any incorporated company, being statutory water undertakers within the meaning of the Water Act, 1945, or any corresponding enactment in force in Northern Ireland, and having during each of the ten years immediately preceding the calendar year in which the investment was made paid a dividend of not less than ½ per cent on its ordinary shares.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Sch. 1 Pt. II para. 10 ceased to have effect except in so far as it relates to the debentures or guaranteed or preference stock of a company which is a statutory water undertaker within the meaning of an enactment in force in Northern Ireland, by virtue of Water Act 1989 (c. 15, SIF 130), s. 190(1), Sch. 25 para. 29(2)(3) (with ss. 58(7), 101(1), 141(6), 160(1)(2)(4), 163, 189(4)–(10), 190, 193(1), Sch. 26 paras. 3(1)(2), 17, 40(4), 41(1), 57(6), 58)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words substituted (in relation to dividends paid during any year after 1972) by virtue of S.I. 1973/1393, art. 3"
    },
    {
      "type": "M",
      "label": "M1",
      "text": "1945 c. 42(130)"
    },
    {
      "type": "C",
      "label": "C1",
      "text": "Sch. 1 Pt. II para. 10: Power to amend conferred by Finance Act 1973 (c. 51, SIF 63:1), s. 58(1)"
    },
    {
      "type": "C",
      "label": "C2",
      "text": "Sch. 1 Pt. II para. 10 ceased to have effect except in so far as it relates to the debentures or guaranteed or preference stock of a company which is a statutory water undertaker within the meaning of an enactment in force in Northern Ireland, by virtue of Water Act 1989 (c. 15, SIF 130), s. 190(1), Sch. 25 para. 29(2)(3) (with ss. 58(7), 101(1), 141(6), 160(1)(2)(4), 163, 189(4)–(10), 190, 193(1), Sch. 26 paras. 3(1)(2), 17, 40(4), 41(1), 57(6), 58)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/Eliz2/9-10/62/schedule/FIRST/paragraph/10",
    "retrieved_at": "2026-11-05T03:40:09.020529+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."
}