Commonwealth Loans (Investment Enabling) Act 1915 (NSW)

COMMONWEALTH LOANS

(INVESTMENT ENABLING) ACT.

Act No. 63, 1915.

An Act	to au thor i se t rus t ees and o the r persons t o invest in Stock, Treasury Bills, and Bonds of t h e C o m m o n w e a l t h . [Assented to , 22nd
December , 1915.]

BE it enacted by the King's Most Excellent Majesty, Legislative Council and Legislative Assembly of New by and with the advice and consent of the
South "Wales in Parliament assembled, and by the authority of the same, as follows :—
1 . This Act may be cited as the " Commonwealth Loans (Investment Enabling) Act, 1915."

2 . Any Inscribed Stock, Treasury Pills, or Bonds of the Commonwealth of Australia are hereby declared to be for all purposes Government Securities; and all persons (including corporations) shall have power to invest in the purchase of such Stock, Treasury Bills, and Bonds any property held by them, whether as trustees or otherwise, which they are not expressly for­ bidden to invest in Government Stock or Securities, without on that account being liable for a. breach of trust and without incurring any liability whatsoever, provided that such investment is in other respects reasonable and proper. E A R L Y