Trust Investments Act 1849 No 19a (NSW)

No. XIX.

An Act to authorize the investment of Trust

Money. [5th September, 1849.]

Governor of New South Wales wi th t he advice and consent of the

WH E R E A S it is desirable to provide for the inves tment of Trus t .Moneys Be it therefore enacted by H i s Excellency the

Legislative Council thereof That whenever any money shall have been borrowed by the Government of th i s Colony and the debt created shall cons t i tu te a negotiable securi ty by way of debentures or otherwise it shall be lawful for but not incumbent upon all t rus tees executors or adminis t ra tors unless otherwise lawfully directed to invest all Trust Moneys in the i r h a n d s or any pa r t thereof in the purchase of such debentures or o ther Government securit ies and to renew such invest­ ment as often as it shall be necessary.