# Trustee Investments Act 1961, Paragraph 10


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.

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Source: https://www.legislation.gov.uk/ukpga/Eliz2/9-10/62/schedule/FIRST/paragraph/10 (the official version)
Page: https://openlegislation.uk/trustee-investments-act-1961/schedule-FIRST/paragraph-10
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.