# Trustee Investments Act 1961, Paragraph 4

Extent: E+W+S+N.I.

In this Schedule, unless the context otherwise requires, the following expressions have the meanings hereby respectively assigned to them, that is to say—
“debenture” includes debenture stock and bonds, whether constituting a charge on assets or not, and loan stock or notes;
“enactment” includes an enactment of the Parliament of Northern Ireland;
“fixed-interest securities” means securities which under their terms of issue bear a fixed rate of interest;
“local authority” in relation to the United Kingdom, means any of the following authorities—
(a)in England and Wales, the council of a county, a county borough, a . . . borough . . . , an urban or rural district or a parish, the Common Council of the City of London the Greater London Council and the Council of the Isles of Scilly;
(b)in Scotland, a local authority within the meaning of the Local Government (Scotland) Act, 1947;
(c). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
“mutual investment society” means a credit institution which operates on mutual principles and which is authorised by the appropriate supervisory authority of a relevant state;
“relevant money market” means a money market which is supervised by the central bank or a government agency of a relevant state;
“relevant state” means Austria, Finland, Iceland, Liechtenstein,Norway, Sweden or a member state other than the United Kingdom;
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
“securities” includes shares, debentures units within paragraph 3 or 6 of Part III of this Schedule, Treasury Bills and Tax Reserve Certificates;
“share” includes stock;
“Treasury Bills” includes . . . bills issued by Her Majesty’s Government in the United Kingdom and Northern Ireland Treasury Bills.

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Source: https://www.legislation.gov.uk/ukpga/Eliz2/9-10/62/schedule/FIRST/part/IV/paragraph/4 (the official version)
Page: https://openlegislation.uk/trustee-investments-act-1961/schedule-FIRST/part-IV/paragraph-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.